Under the Housing Loan Program, loan financing for rental property rehabilitation
is for the purposes of assisting the rehabilitation of substandard rental housing and
providing standard quality rental housing that is affordable to low and moderate
income persons. The sources of financing for this program are the Community
Development Block Grant Program and the HOME Program. Both are federal
programs for which funds are received by the City-Parish from the U.S.
Department of Housing and Urban Development. The City-Parish Office of
Community Development (OCD) administers these programs.
Financing involves mortgage loans on the properties to be rehabilitated. Credit and
property underwriting criteria apply to the evaluation of all loan applications.
Applications are considered on a competitive basis. The information contained in
this program description is an integral part of the application. Applicants should
carefully review this information before submitting an application