Louisiana HB809 authorizes the transfer of surplus state property to affordable housing entities for low-income housing development.
Louisiana HB809 establishes a program for the Louisiana Housing Corporation to transfer surplus immovable state property to affordable housing entities for the development of low-income housing. The bill defines "affordable housing" as residential property for rent or purchase by low-income residents. The Louisiana Housing Corporation will evaluate proposals from affordable housing entities and award property based on criteria such as the inclusion of permanent supportive housing units and the proportion of deeply affordable housing units.
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