Landlord/Developer Rental Flood Recovery Programs Open May 15th

The Louisiana Housing Corporation (LHC) will be releasing details regarding funding guidelines for both the Neighborhood Landlord Rental Program and the Multifamily Restoration Gap Program, by issuing two separate Notifications of Funding Availability (NOFA’s) on May 15.

LHC will offer program seminars to answer NOFA-specific questions according to the schedule below. An overview of each of the two programs can be reviewed in the interim at restore.la.gov under the “Recovery Assistance” tab.  Both programs are aimed at providing additional rental housing units across the state, especially in the HUD-designated 10 most impacted/distressed parishes affected between the March and August 2016 flooding events. Between the two programs, more than $74 million will be made available to landlords and developers to repair, reconstruct or create new rental units in Louisiana.

The Neighborhood Landlord Rental Program covers new and existing rental properties consisting of properties with seven or less units, and the Multifamily Restoration Gap Program covers existing properties with 20 or more units.

The seminars are designed to provide interested applicants an opportunity to ask questions about the application process prior to the application deadline for each program. Each program is set to move quickly in coming weeks in order to allow property owners to determine next steps needed to move forward with their construction efforts.

Property owners and developers interested in attending these workshops can attend one in any location offered in the list below, as the same content will be shared at each workshop.  The content will also be shared online following the conclusion of the event series. Preregistration is required and can be completed online.

  • Wednesday, May 17, 2017, 3:00 PM: East Baton Rouge Parish Library – Main Library, 7711 Goodwood Blvd., Baton Rouge, LA 70806
  • Thursday, May 18, 2017, 3:00 PM: LaQuinta Inn & Suites, 42126 Veterans Ave., Hammond, LA 70403
  • Tuesday, May 23, 2017, 3:00 PM: Lafayette Public Library – Main Library, 301 West Congress St., Lafayette, LA 70501
  • Thursday, May 25, 2017, 3:00 PM: Ollie Burns Branch, Ouachita Parish Library, 5601 Hwy. 165 By-Pass, Richwood, LA 71202

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