News for November 2016

LHC Unveils 174  Affordable Homes 
The Cottages at Mile Branch
In October and November of 2016, the LHC joined private and non-profit developers across the state to unveil 174 affordable homes and apartments. 

The properties were funded with Low Income Housing Tax Credits, among other federal funding sources, and include housing for veterans, disabled individuals, and the elderly.  

Twin Lakes of Leesville 
  • 194 units at 60% of the median income or less
Sugarhouse Phase III in Alexandria
  • 10 single family homes for low-income households
Cottages at Mile Branch in Covington
  • 25 single-family homes at 60% median income
  • 13 homes set aside for veterans and families
  • 4 homes ADA compliant for injured veterans
Olive Grove Senior Apartments in Shreveport
  • 50 apartments including 14 HOME properties
  • 100% for elderly and 20% for disabled households
If you are a developer and are interested in participating in the LHC's 2017 funding round for tax credits, visit 2017 QAP.
Single Family Team Posts Record-Breaking Numbers

Our Single Family team working to make more La. families become homeowners
The LHC's Single Family team has had two record-breaking months in a row, creating 111 new homeowners in just two months.  
In October, the team pooled 44 loans for $6.4 million compared to 27 loans for $3.99 million in 2015.  This September, the team pooled 67 loans for $9.2 million compared to 30 loans for $4.3 million last year. The team has produced more new homeowners in the first four months since our new board of directors started than in all of 2016.

Please contact LHC's Marketing Representative, Casie McMurray to learn more about our Single Family homeowner programs at .
LHC Helps Ms. Zena Transition from Homelessness to Homeownership

Ms. Zena in her beautiful new home
One of the newest residents to call an LHC development home is Ms. Zena who lives in SugarHouse Phase III in Alexandria. 

Ms. Zena, who was formerly homeless, is now the proud homeowner of a 1,491 square foot home with three bedrooms, two bathrooms and a double carport. 

The project consisted of $2 million in HOME funds and $320,754 in CHDO funds. It is a great example of how non-profit community-based organizations, private partners and public agencies collaborate to address housing and community development needs in the state.   
CDBGLHC Board Approves $3 Million in Funding for 2016 Distressed CDBG Projects
The LHC board of directors approved $3 million in Community Development Block Grants for historic rehabilitation and new construction projects in Orleans and St. James Parishes. 

The Louisiana Office of Community Development will partner with the LHC on the distressed property initiatve.
The funding will create 219 units of affordable housing  and includes the following:
  • Iberville On-Site Phase V and VI in New Orleans (historic rehabilitation)
  • Central Crossing in Convent (rehabilitation)
  • Sacred Heart at St. Bernard in New Orleans (new construction/historic rehabilitation
Important Notices

Disaster Resources

Mark Your Calendar

11/29/16: Deadline to register for MCC program lender webinar

12/1/16: MCC program lender webinars 

December 2016: LHC launching MCC program

12/14/16: LHC Board Meeting

12/15/16 : First Public Hearing/Workshop 1 for 2017 QAP
November 2016 
Board Approvals
  • $9 million in Multifamily Housing Revenue Bonds for Harmony Garden Estates in Alexandria
  • $12 million in Multifamily Housing Revenue Bonds for Royal Cambridge  in Rapides Parish
  • $3 million in CDBG funds for distressed projects 
Did You Know?

The LHC has doubled its rental production! 

We've increased the amount of federal funds released for rental development 
by 200%.


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