The Louisiana Housing Corporation (LHC) is accepting applications for its Neighborhood Landlord Rental Program Phase II (NLRP2 Initiative) through 4:30 pm CT on January 31. All written inquiries must be submitted to [email protected]. Applications must include the applicant/company name & return address and should be addressed to:

Louisiana Housing Corporation
Housing Production/Disaster Recovery
2415 Quail Drive
Baton Rouge, LA 70808
Re: The NLRP2 Initiative

The purposes of the NLRP2 Initiative are:

  • To repair damaged housing stock in Eligible Parishes that will be made available at affordable rents for households at or below 80 percent of area median income (AMI);
  • To produce affordable residential rental housing units outside of a Special Flood Hazard Area (SFHA);
  • To revitalize communities damaged by the Great Floods of 2016 by eliminating the blight of vacant properties in order to increase the availability of affordable rental housing for households at or below 80 percent AMI; and
  • To implement the NLRP2 Initiative in a manner that (i) engages lenders who commit to new construction and/or renovation financing for residential rental properties located in Eligible Parishes, (ii) is most efficient and cost-effective throughout the Eligible Parishes, and (iii) is low-risk to developers (“Eligible Borrowers”) who submit applications thereby ensuring that the budgeted Take-out Funds for residential rental housing units under the NLRP2 Initiative construct and repair the maximum number of affordable residential rental housing properties in one of the FEMA Disaster Declared Parishes or one of the HUD Designated Most Impacted Parishes (“Eligible Parishes”) as a result of the Great Floods of 2016; provided that properties located in HUD Designated Most Impacted Parishes (“Priority Eligible Parishes”) will receive priority awards of Take-out Funds.
  • Under the NLRP2, the LHC will accept an application from an Eligible Borrower who will construct new residential rental housing units or will renovate vacant residential rental housing units in a project that will not exceed four residential qualified dwelling housing units.
  • An Eligible Applicant either must partner with a pre-qualified commercial lender that provides the applicant a commitment contingent upon receipt of a NLRP2 loan, which will be included in the application to provide the Eligible Borrower mortgage lien construction financing of a Qualified Project or must fully fund all development costs of the Qualified Project with the borrower’s own funds.