Rental Restoration and Development Workshops set for March 29
Published 6:35 pm Friday, March 24, 2023
The Louisiana Housing Corporation will host Rental Restoration and Development Program workshops 10 a.m.-noon on Wednesday, March 29, at the Allen P. August Multipurpose Annex, 2000 Moeling St., and at 5:30 p.m. in the Civic Center’s Contraband Room.
The RRDP program supports the repair, reconstruction, or new construction of residential rental units in qualified areas impacted by Hurricanes Laura, Delta, and Ida and the May 2021 floods. Calcasieu Parish qualifies for both the hurricane funding and flood funding.
Local developers, residential rental property owners, non-profits, and public housing agencies are encouraged to attend to learn more about this funding opportunity.
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“Affordable rental housing has been a top priority for the Calcasieu Parish Police Jury since Hurricanes Laura and Delta,” said Nicole Miller, CPPJ Program Manager for Disaster Housing Recovery. “Through this funding opportunity, local landlords can obtain funds to repair or rebuild much needed housing units. We know this is a vital step in repairing housing, rebuilding the economy and bringing our residents home.”
Qualified projects must be seven or fewer residential housing units within a single structure; be site-built, or modular homes; complete an environmental review; and be made available at affordable rents for households at or below 80 percent of the area median income for a certain period of time.
To be eligible for this program, residents must either have their own financial resources for construction or be able to obtain a construction loan from a private lender. Funding will be provided after the work is complete and tenants have moved in.
The application intake period begins Monday, May 1, and will remain open until Monday, July 31.
To find out all eligibility and program requirements visit www.lhc.la.gov/RRDP.
To review the funding availability notice for the program, visit https://www.lhc.la.gov/hubfs/LHC_RRDP%20Presentation_031523.pdf