Housing Development Programs and Funding Opportunities in Louisiana

Marjorianna Willman Executive Director Housing Development www.lhc.la.gov

Marjorianna Willman Executive Director Relaunching Of Funding Opportunities Follow-up www.lhc.la.gov

2024 LHC HOME PROPOSED BUDGET Funds Available for Commitment From Program Income Funds Available for Commitment From HUD Funds Total Available to Commit Year $40,378.71 $148,827.54 $57,941.36 $57,941.36 $98,320.07 $206,768.90 2020 2021 2022 $2,343,979.76 $2,531,456.92 $4,875,436.68 2023 $5,628,430.00 $1,504,914.73 $7,133,344.73 Total Previous Years $8,161,616.01 $4,152,254.37 $12,313,870.38 Conditional Commitments Not Closed $12,342,100.00 ($28,229.62) Expected 2024 HOME Grant $9,401,383 $145,186.82 $9,518,340.20 Administration $940,138.30 $8,578,201.90 CHDO Operating Assistance $470,069.15 $8,108,132.75 CHAAP $4,000,000.00 $4,108,132.75 CSAR $1,500,000.00 $2,608,132.75 NOAH $2,500,000.00 $108,132.75

CHDO SINGLE ACQUISITION REABILITATION (CSAR) PROGRAM Source HOME Total Available $1,500,000.00 Per Project Funding Limit $200,000.00 Application Deadline Open (until funds are exhausted) Per Project Number of Units 1 1 open project per CHDO per 12-month period. The 12-month period begins upon award of project. No application will be considered while a previous CSAR project is still open. Limit on Number of CSAR Projects Statewide Eligible Area State Certified Community Housing Development Organizations (CHDOs) Eligible Applicant www.lhc.la.gov

CHDO SINGLE ACQUISITION REABILITATION (CSAR) PROGRAM Homeownership Development Yes Rental Development No Affordability Period 15 Years Type of Deed Restriction Resale www.lhc.la.gov

CHDO SINGLE ACQUISITION REABILITATION (CSAR) PROGRAM Eligible Property To be a property that is eligible for the CSAR program the following conditions must be met: 1. prefab, manufactured, condos, townhomes or duplex or greater properties); Single Family stick built home on a single lot (no 2. 1978; Home must be an existing housing unit built after 3. Home cannot need major rehabilitation; 4. Home cannot be located in a flood plain; Property Requirements 5. railroad; Home cannot be located within 300 feet of a 6. Cannot be a historic property; 7. more than 20 percent; Size or capacity of the home is not increased by 8. disturbing activities. Renovation work does not involve any ground

Community Development Housing Organization (CHDO) Annual Awards Program CHAAP Source HOME Total Available $4,000,000.00 Per Project Funding Limit $1,000,000.00 Application Deadline Open (until funds are exhausted) Per Project Number of Units No Limit There is a limits of 2 open HOME funded projects. Applies regardless of program Limit on Number of CHAAP Projects Statewide Eligible Area State Certified Community Housing Development Organizations (CHDOs) Eligible Applicant www.lhc.la.gov

Community Development Housing Organization (CHDO) Annual Awards Program CHAAP Homeownership Development Yes Rental Development Yes Affordability Period Dependent of type of award Type of Deed Restriction Dependent of type of award www.lhc.la.gov

Nonprofit Open Cycle Affordable Housing Program NOAH Source HOME Total Available $2,500,000.00 Per Project Funding Limit $600,000.00 Application Deadline Open (until funds are exhausted) Per Project Number of Units 4 There is a limits of 2 open HOME funded projects. Applies regardless of program Limit on Number of CSAR Projects Eligible Area Statewide Eligible Applicant CHDOs and other Non-Profit Housing Organizations www.lhc.la.gov

Nonprofit Open Cycle Affordable Housing Program NOAH Homeownership Development Yes Rental Development Yes Affordability Period Dependent of type of award Type of Deed Restriction Dependent of type of award www.lhc.la.gov

Marjorianna Willman Executive Director QUESTIONS www.lhc.la.gov