BATON ROUGE, LA – June 23, 2015 – (RealEstateRama) — The Louisiana Housing Corporation’s board of directors held a meeting June 10 to conduct business and approve several resolutions to expand affordable housing opportunities statewide.
Highlights from the meeting include board approval for the following:
Administrative Committee
A resolution approving the updated Cost Allocation Plan for the corporation
A resolution authorizing the issuance of $39 million in taxable mortgage revenue refunding bonds
Multifamily Committee
A resolution authorizing an extension of the submission deadline of Carryover Allocation Documentation as stipulated in the 2014 Special Interim Qualified Allocation Plan for Cooper Road
Plaza in Shreveport
A resolution authorizing a $900,000 increase in HOME Investment Partnership Program funds available through the 2015 Community Housing Development Organization (CHDO) Homeownership Development Notice of Funding Availability
Sustainable Housing Committee
A resolution approving the issuance of an Owner Solicitation to allocate remaining units for Section 811 Project Rental Assistance Demonstration
A resolution authorizing the issuance of an Owner Solicitation to allocate remaining vouchers for the Permanent Supportive Housing Project-Based Voucher Program
Assets and Investments
A resolution authorizing a contract with Latter and Blum to manage Mid-City Gardens Apartments in Baton Rouge, and Village de Jardin Apartments and Willowbrook Apartments in New Orleans
The LHC board also adopted the FY 2016 budget for the corporation and acknowledged that June is National Homeownership Month. The next LHC board meeting will take place on July 8. For more information, visit www.lhc.la.gov.
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The Louisiana Housing Corporation (LHC) was created by Act 408 of the 2011 Louisiana Legislative Session. The LHC administers federal and state funds through programs designed to advance the development of energy efficient and affordable housing for low and moderate income families.
