Louisiana Housing Corporation’s (LHC) Board of Directors approved $212 million to develop 1,633 affordable rental units across six Louisiana parishes. This multi-million-dollar investment represents a combination of LHC’s Low-Income Housing Tax Credits (LIHTC) and Multifamily Revenue Bonds (MRBs) and Community Development Block Grant (CDBG) funds in partnership with the Office of Community Development. Projects represent a mix of new construction and preservation developments that aim to assist working families, households with children, seniors and people with disabilities.
LHC’s Board of Directors also approved a resolution to adopt the state’s 2021 QAP.