Louisiana

The Louisiana Housing Corporation made the following changes to its Notice of Funding Availability for the Rural Bond Bundle Program.

HUD issued a memorandum, which permits the participating jurisdiction to use self-certification of income in lieu of source documentation to determine eligibility for HOME assistance of persons displaced by Hurricane Ida.

President Joseph Biden declared a Federal Major Disaster for 25 parishes in Louisiana. LIHTC properties in those parishes are granted temporary relief from certain requirements via the Internal Revenue Service’s (IRS) Rev. Proc 2014-49.

Louisiana Housing Corporation published the 2022-2023 QAP Application Model and updated Frequently Asked Questions (FAQs) from August 16.

Louisiana Housing Corporation (LHC) is asking property owners and operators to help determine the extent of damage of LHC-funded properties, as well as the displacement of residents, if any, as a result of the storm.

The Louisiana Housing Corporation will host a 2022-2023 QAP Workshop and Application Process on August 25 from 10 a.m. to noon CT. The workshop and application process provides prospective applicants with the knowledge to gain a better understanding of the Underwriting Application, Submission Process, Program Changes, Threshold Requirements and Selection Criteria. Register here.

The Louisiana Housing Corporation (LHC) released the approved 2022-2023 QAP.

The Louisiana Housing Corporations board of directors unanimously approved a resolution to adopt the state’s 2022-2023 QAP. The most recent draft is available here, the final document will be released to the public by August 1. The board also approved the election of Anthony “AP” Marullo, III as chairman and Tonya P. Mabry as vice-chairwoman.

The Louisiana Housing Corporation has released a draft of the 2022-2023 Qualified Allocation Plan(QAP). The document is a preliminary summary of proposed changes to the QAP. The items considered are the result of written comments received, comments made during the focus group meetings and public hearings, internal data analysis, and research to achieve LHC’s housing priorities and objectives effectively. 

The Louisiana Housing Corporation posted a revised draft of its 2022 QAP. Comments should be sent to qapcomments@lhc.la.gov.

The Louisiana Housing Corporation will hold a virtual hearing on the 2022 QAP at 10 a.m. ET on July 1. 

Louisiana Housing Corporation’s Board of Directors approved $2.9 million of additional volume cap to develop 132 affordable rental units in two Louisiana parishes at their monthly board meeting, June 9.