Louisiana Administrative Code
Title 16 - COMMUNITY AFFAIRS
Part II - Housing Programs
Chapter 1 - HOME Investment Partnership Program
Section II-107 - Selection Criteria to Award HOME Funds to Local Governmental Units (Sub-Recipients)
Current through Register Vol. 50, No. 9, September 20, 2024
A. Jurisdiction Proposes Comprehensive and Concentrated Neighborhood Revitalization Area-25 points
B. Jurisdiction Proposes to Use Community Housing Development Organization ("CHDOs") to Own, Sponsor or Develop Units to be Rehabilitated-25 points
C. Leverage Ratio for Each HOME Dollar
|
Minimum Other Dollars |
|
|
$1 |
5 |
|
$2 |
10 |
|
$3 |
15 |
|
$4 |
20 |
|
$5 |
25 |
D. Jurisdiction Proposes to Rehabilitate Substandard Housing Units to Minimum Quality Standards with Total Funds Per Unit Not Exceeding:
|
$ 2,500 |
25 |
|
$ 5,000 |
20 |
|
$ 7,500 |
15 |
|
$10,000 |
10 |
|
$15,000 |
7 |
|
$20,000 |
5 |
|
$25,000 |
2 |
E. Jurisdiction Rehabilitate to HQS Following Percentage of Substandard Units in Rehabilitation Area:
|
90-100 percent |
50 |
|
80-90 percent |
40 |
|
70-80 percent |
30 |
|
60-70 percent |
20 |
|
50-60 percent |
10 |
|
Less than 50 percent |
0 |
F. Jurisdiction Proposes to Rehabilitate Housing Units of Historic or Architectural Significance-25 points
G. Jurisdiction Proposes to Rehabilitate Housing Units Serving Special Needs Groups-50 points
H. Jurisdiction Proposes to Promote Cooperative Housing-25 points
I. Jurisdiction Proposes to Commit HOME Funds by June 30, 1993-50 points
J. Jurisdiction Proposes to Establish Lease-Purchase Turnkey Program-25 points
AUTHORITY NOTE: Promulgated in accordance with the Louisiana Housing Finance Act, R.S. 40:600.1 et seq.
