2018 QAP Open for Applications
State plan prioritizes housing preservation and developments in small communities
BATON ROUGE, LA – Today, the Louisiana Housing Corporation (LHC) released the 2018 Qualified Allocation Plan (QAP), a federally-mandated state plan used to allocate housing credits for the development, acquisition, and rehabilitation of affordable rental properties.
LHC Executive Director Keith Cunningham, Jr. said the 2018 QAP aims to address Louisiana’s most pressing housing challenges by incentivizing projects that prioritize preservation and small communities.
“This year, one of our primary policy objectives is to preserve affordable rental housing stock, said Cunningham. “Louisiana has an aging housing stock, and while more affordable housing is needed, it is imperative that we also maintain our existing affordable housing, especially in small communities.”
An estimated $12.7 million in housing credits will be awarded through the 2018 QAP. Eligible applicants may also take advantage of approximately $11 million in low-interest loans funded through the National Housing Trust Fund, HOME Investment Partnership Program and Community Development Block Grant Disaster Recovery funds.
To help meet policy its objectives, LHC has established four funding pools: preservation priority, rural, general, and qualifying non-profit/Community Housing Development Organization (CHDO).
A comprehensive review of the QAP application will be held on Friday, May 11 at 10 a.m. in the V. Jean Butler Boardroom located at 2415 Quail Drive, Baton Rouge, LA 70808. Interested parties can pre-register at https://www.eventbrite.com/e/2018-qap-application-review-workshop-registration-44271876374. Reasonable accommodations for persons with disabilities and/or limited English proficiency will be made if requested at least one week in advance by contacting Cassandra Davis at (225) 763-8651.
- June 28: Preliminary Application Deadline
- August 6: Final Application Deadline
- October 10: Award Announcement
About Louisiana Housing Corporation
The Louisiana Housing Corporation was created by Act 408 of the 2011 Louisiana Legislative Session. The Corporation administers federal and state funds through programs designed to advance the development of safe, energy-efficient, and affordable housing for moderate-to-low income families.