Rental Housing Development (Multi-Family)	Program Documents Consolidated Plan Consolidated Annual Action Plans Files for Download Forms Compliance Monitoring HOME Web Applications and Links
HOME Rental Housing Program

Through a competitive application process of funds distribution, LHFA provides successful applicants with low-interest loans to help finance the construction, acquisition and rehabilitation of affordable rental housing. The HOME application review and funds reservation process considers the relative housing needs of Louisiana. The funds are also made available to CHDOs. Projects funded by HOME have strict requirements for rent controls, income eligibility of tenants and long-term affordability requirements. Buildings may be on the same site or scattered sites. HOME has funded the construction of duplexes, four-plexes, apartments and single-family homes.

HOME projects have deed restrictions running with the land to ensure affordability regarding income and rent limitations. At a minimum, 90 percent of the HOME funds used for rental housing must assist persons who have household incomes below 60 percent of the median income. Twenty (20) percent of the funds must assist persons who have household incomes below 50 percent of the median income. The rental charge for the HOME-assisted units cannot exceed the published low HOME and high HOME rents for the period of affordability. The term of affordability ranges from five to twenty years and is based upon the type of activity and the investment of HOME funds per unit.

The Compliance Division of the Agency monitors HOME-assisted projects, making sure they remain affordable to low income individuals and families.

Assistance is available on an equal basis regardless of race, color, familial status, national origin, religion, sex or handicap.