Louisiana Housing Corporation’s (LHC) Board of Directors approved $167 million to develop 640 affordable rental units across five Louisiana parishes. The following properties were approved for bond issuance:
- RNDC Baton Rouge – East Baton Rouge Parish
- $32.5 Million ($14.1M MRB; $9.4M LIHTC; $9M CDBG), 110 units
- Hammond Station Apartments – Tangipahoa Parish
- $21.6 Million ($8.2M MRB; $5.7M LIHTC; $7.7M CDBG), 67 units
- Chef Menteur Apartments – Orleans Parish
- $13.9 Million ($10M MRB; $3.9M LIHTC), 42 units
- Peace Lake Towers – Orleans Parish
- $23 Million ($14.5M MRB and $8.6M LIHTC), 131 units
The following projects received final approval:
- The Lemann Building – Ascension Parish
- $17.7 Million ($8M MRB; $4.4M LIHTC; $5.7M CDBG), 42 units
- The Reserve at Juban Lakes – Livingston Parish
- $29.2 Million ($14M MRB; $6.7M LIHTC; $8.5M CDBG), 132 units
- Lotus Village – East Baton Rouge Parish
- $29.5 Million ($12.1M MRB; $7.45M LIHTC; $10M), 116 units
The Board of Directors also approved a resolution to extend the State’s 2021 QAP timelines in an effort to address the impact of Hurricane Laura across the State of Louisiana. An updated 2021 QAP program schedule can be found here.
