Louisiana

The Louisiana Housing Finance Authority previously announced a strategy to allocate the remaining TCAP funds for increases in costs for existing LIHTC projects.

In 2009, the State of Louisiana received approximately $39,383,397 in TCAP funds from HUD. The Agency has allocated nearly $36 million, with approximately $3 million of TCAP funding remaining due to developers returning previously allocated funds.

The U.S. Department of Housing and Urban Development (HUD) recently announced that the current receivership team, Gilmore Kean, LLC will continue to lead the Housing Authority of New Orleans (HANO) from recovery to revitalization over the next three years.

Louisiana Housing Finance Agency has issued an RFP Special Tax Counsel for the Agency’s Low Income Housing Tax Credit Program.

Louisiana Housing Finance Agency has issued an RFP for a financial analysis consultant for the Agency’s Low Income Housing Tax Credit Program and related programs.

The Louisiana Housing Finance Agency (LHFA) has released a notice of ten frequently asked questions relating to LHFA’s 2010 RFP for market analysts.

The Louisiana Housing Finance Agency recently announced that it is seeking proposals from applicants to be placed into a pool of Market Analysts to provide individual market studies for projects to qualify for Low-Income Housing Tax Credits (LIHTC) in the State of Louisiana.

The Louisiana Housing Finance Authority (LHFA) has released a description of the procedures used for processing and ranking the requests for additional GO Zone tax credits, and provided examples of the procedures.

The Louisiana Housing Finance Agency (LHFA) has announced its tentative timeline for 2010 LIHTC applications. LHFA’s draft 2010 qualified allocation plan (QAP) will be presented to its Board for approval on June 19.

The Hurricane Damaged Historic Bastrop High project in Bastrop, Louisiana will completely renovate the old Bastrop High School building as part of a HOPE VI Main Street Grant.

The National Council of Affordable Housing Market Analysts recently submitted comments on the proposed 2010 qualified allocation plans (QAP) of several states for administering their upcoming rounds of low-income housing tax credit (LIHTC) program funding, including the Connecticut Housing Finance Authority, the New Mexico Mortgage Finance Authority, the Washing State Housing Finance Commission and the Louisiana Housing Finance Agency.

NH&RA’s Historic Preservation Development Council is working to extend expiring Tax Incentives for historic rehabilitation projects in the Gulf Opportunity Zone in Louisiana, Mississippi and Alabama. These benefits are currently due to expire at the end of 2009. As a result of our efforts we expect legislation to be introduced shortly that will be co-sponsored by Congressman Artur Davis (D-Ala.) and Congressman Charles Boustany (R-La.).