1. Rural Affordable Housing Development
Robby Bizot , Director of Recovery Housing
Louisiana Housing Corporation

2. Welcome
Robby Bizot Director of Recovery Housing Louisiana Housing Corporation

3. Agenda Involvement of Rural Representatives Flood Small Rental Program
Flood Piggyback Multifamily Program
Dedication of HOME funds to Rural Area’s
Attend or create local municipality associations

4. Flood Small Rental Program
$45M Allocation to develop or rehab rental properties affected by the March and August Floods of 2016.
20,000 rental units affected by the floods.
51 affected parishes
Most of the affected parishes are considered to be a rural parish.
These two programs make a total of $74 million available for landlords and developers to restore the stock of available, affordable rental housing across the state
Funding source - U.S. Department of Housing and Urban Development (HUD) Community Development Block Grants (CDBG) for disaster recovery
Developed in response to rental needs faced in the wake of the March and August 2016 flooding events in Louisiana
Initial education/feedback workshops in April/May across state; application periods now open for both programs

5. Flood Small Rental Program cont.
Process of creating the program
1. Involvement of Lenders in the construction process
Office of Comptroller
Input from lenders on how the process should work
2. Develop procedures that promote construction through out the state
3. Work with area non-profits and CHDO’s
Pro’s
(Lenders meet CRA Requirements)
(Projects are paid off at completion- solidifies National Objective)
(Lessens Program Delivery by relying on lender inspections)

6. Flood Small Rental Program cont.
City
City Population
Parish
Parish Popultaion
% of Pop Paying 35%
Amount Requested
# of Units
Arcadia
2,875
Bienville
13,786
27%
$ ,000,000.00 12
Breau Bridge
8,407
St. Martin
53,835
25%
$ ,000.00 1
Cotton Valley
965
Webster
40,021
35%
$ ,000.00 6
Cullen
1,115
$ ,500,000.00 18
Independence
1,888
Tangipahoa
128,755
41%
$ ,000.00
Jennings
10,118
Jefferson Davis
31,439
33%
$ ,109.19 4
Jonesboro
4,571
Jackson
15,858
$ ,000,000.00 31
Minden
12,577
$ ,000,000.00 24
Opelousas
16,541
St. Landry
83,848
$ ,000.00 5
Ville Platte
7,270
Evangeline
33,743
45%
$ ,225,000.00 23
Washington
953
88,848
$ ,250,000.00 14

7. Flood Small Rental Program cont.
Example of 6-plex to be built in Arcadia

8. Flood Piggyback Rental Program
$33.85M Allocation to develop or rehab multifamily rental properties in the parishes affected by the March and August Floods of 2016.
Leverage 4% LIHTC with other federal/ outside leveraging
Open to all 51 affected parishes
These two programs make a total of $74 million available for landlords and developers to restore the stock of available, affordable rental housing across the state
Funding source - U.S. Department of Housing and Urban Development (HUD) Community Development Block Grants (CDBG) for disaster recovery
Developed in response to rental needs faced in the wake of the March and August 2016 flooding events in Louisiana
Initial education/feedback workshops in April/May across state; application periods now open for both programs

9. Flood Piggyback Rental Program cont.
Rent Burdened Parish Points
Such parishes are considered Rent Burdened for purposes of this NOFA, and properties located in these parishes will automatically be awarded three [3] additional points in the competitive scoring. The identified parishes are East Carroll, Natchitoches, Lincoln, Claiborne, Bienville, De Soto, East Baton Rouge, Evangeline, St. Helena, St. Landry, and Madison.
These two programs make a total of $74 million available for landlords and developers to restore the stock of available, affordable rental housing across the state
Funding source - U.S. Department of Housing and Urban Development (HUD) Community Development Block Grants (CDBG) for disaster recovery
Developed in response to rental needs faced in the wake of the March and August 2016 flooding events in Louisiana
Initial education/feedback workshops in April/May across state; application periods now open for both programs

10. Flood Piggyback Rental Program cont.
Incremental Affordability Points
Projects in which the ratio of units set aside at 50% AMI to units set aside at 60% AMI is equal to or greater than 1:3, or 33.33%
For eligibility, for every three units at 60%, at least one unit must be at 50%. Projects selecting Incremental Affordability will earn an additional four [4] scoring points under this NOFA
These two programs make a total of $74 million available for landlords and developers to restore the stock of available, affordable rental housing across the state
Funding source - U.S. Department of Housing and Urban Development (HUD) Community Development Block Grants (CDBG) for disaster recovery
Developed in response to rental needs faced in the wake of the March and August 2016 flooding events in Louisiana
Initial education/feedback workshops in April/May across state; application periods now open for both programs

11. Dedication of HOME funds to Rural Area’s
Annually the LHC will dedicate a portion of HOME funds to rural areas
Winter NOFA is a dedication of $4,000,000 in HOME Funds for rural (non- entitlement areas)
Can be for Homeownership or Rental Developments
Educate lenders of available MRB loans or soft second loans
These two programs make a total of $74 million available for landlords and developers to restore the stock of available, affordable rental housing across the state
Funding source - U.S. Department of Housing and Urban Development (HUD) Community Development Block Grants (CDBG) for disaster recovery
Developed in response to rental needs faced in the wake of the March and August 2016 flooding events in Louisiana
Initial education/feedback workshops in April/May across state; application periods now open for both programs

12. Question/Answer Period