The Louisiana Housing Corporation (LHC) released the Piggyback Resilient Mixed-Income (PRIME) NOFA, which is designed to develop resilient multifamily properties in areas that were greatly impacted by the 2016 floods.
This NOFA will make available $42 million in Community Development Block Grant (CDBG) funds to be combined with LIHTC and bond-financed mortgage proceeds, supporting the development of mixed-income multifamily properties. Eligible parishes include and are limited to Acadia, Ascension, East Baton Rouge, Lafayette, Livingston, Ouachita, St. Tammany, Tangipahoa, Vermilion and Washington. Projects located in Special Flood Hazard Areas are not allowed.
LHC will host a Developer Forum at the LHC Headquarters, located at 2415 Quail Drive in Baton Rouge on Thursday, December 19 from 9:00 am to noon CT. The LHC and the Office of Community Development will deliver a brief presentation on the program requirements and will be available to answer any questions.
