Louisiana

The Government Accountability Office (GAO) recently conducted a report to study the impact of the Community Development Block Grant (CDBG) disaster program in Louisiana and Mississippi.

The U.S. Department of the Treasury on July 10 announced $486 million in American Recovery and Reinvestment Act (ARRA) funding to spur the development of affordable housing units through its Section 1602 Tax Credit Exchange Program.

Senator Evan Bayh (D-Ind.) has proposed legislation that would make $230 million in funding immediately available to begin work on shovel-ready affordable housing developments in flood-ravaged areas of Indiana. The legislation would clarifiy that disaster housing credits in Indiana, Alabama, Arkansas, Illinois, Iowa, Kansas, Louisiana, Michigan, Missouri, Minnesota, Nebraska, Texas and Wisconsin would be eligible for the Tax Credit Exchange Program.

The Louisiana Housing Finance Agency (LHFA) in a recent request for qualifications from LIHTC market analysts, has stated that qualified applicants must provide proof of membership in the National Council of Affordable Housing Market Analysts (NCAHMA).

NH&RA will continue to update the ARRA resource page below as information is made available.

Novogradac & Company recently issued an alert providing and update on the eligibility of exchanging GO Zone Credits using the Tax Credit Exchange Program.

The U.S. Department of Housing and Urban Development has updated the FY 2009 Fair Market Rents to be used for FMRs for New Orleans, LA and Pearl River, MS for the Housing Choice Voucher Program and the Moderate Rehabilitation Single Room Occupancy Program.

The U.S. Department of Housing and Urban Development has published three new comprehensive housing market analysis reports for Albuquerque, NM, Ventura County, CA, and Shreveport-Bossier City, LA.

The Louisiana Housing Finance Agency has scheduled a public hearing to receive comments on an amendment to its 2009 qualified allocation plan (QAP).