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Find similar grantsCHDO Annual Awards Program (CHAAP) is sponsored by Louisiana Housing Corporation (LHC). This program awards funds for CHDO set-aside activities and Operating Cost Assistance to state-certified Community Housing Development Organizations (CHDOs).
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Multifamily Revenue Bonds Small Project Continuation Program Lafourche CDBG-NDR Piggyback NOFA Multi-Family Restoration Loan Fund OCD NOFA Middle Market Loan Program (MMLP) Environmental and Labor Review Community & Resident Concerns Additional LIHEAP Resources Permanent Supportive Housing Non-Elderly Disabled Voucher Non-Profit Assistance & Admin Affordable Rental Housing Tenant-Based Rental Assistance Rental Restoration and Development Program (RRDP) Neighborhood Landlord Rental Program Neighborhood Landlord Rental Program 2 Neighborhood Landlord Rental Program 3 B.
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Rebuilds (Developers) Middle Market Loan Program The Rural Rental Rehab Program LA Homeownership Think Tank Public Notices & Comments LHC Audited Financial Statements Constituent Services Request Multifamily Revenue Bonds Small Project Continuation Program Lafourche CDBG-NDR Piggyback NOFA Multi-Family Restoration Loan Fund OCD NOFA Middle Market Loan Program (MMLP) Environmental and Labor Review Community & Resident Concerns Additional LIHEAP Resources Permanent Supportive Housing Non-Elderly Disabled Voucher Non-Profit Assistance & Admin Affordable Rental Housing Tenant-Based Rental Assistance Rental Restoration and Development Program (RRDP) Neighborhood Landlord Rental Program Neighborhood Landlord Rental Program 2 Neighborhood Landlord Rental Program 3 B.
R. Rebuilds (Developers) Middle Market Loan Program The Rural Rental Rehab Program LA Homeownership Think Tank Public Notices & Comments LHC Audited Financial Statements Constituent Services Request This is a search field with an auto-suggest feature attached. There are no suggestions because the search field is empty.
Multifamily Revenue Bonds Small Project Continuation Program Lafourche CDBG-NDR Piggyback NOFA Multi-Family Restoration Loan Fund OCD NOFA Middle Market Loan Program (MMLP) Environmental and Labor Review Community & Resident Concerns Additional LIHEAP Resources Permanent Supportive Housing Non-Elderly Disabled Voucher Non-Profit Assistance & Admin Affordable Rental Housing Tenant-Based Rental Assistance Rental Restoration and Development Program (RRDP) Neighborhood Landlord Rental Program Neighborhood Landlord Rental Program 2 Neighborhood Landlord Rental Program 3 B.
R. Rebuilds (Developers) Middle Market Loan Program The Rural Rental Rehab Program LA Homeownership Think Tank Public Notices & Comments LHC Audited Financial Statements Constituent Services Request The LHC offers the CHDO Annual Awards Program (CHAAP) for awarding funds for CHDO set-aside activities and Operating Cost Assistance.
Under this program, the LHC will reserve 25% (but not less than $2,000,000) of its HOME allocation for use in funding eligible projects proposed by state certified CHDOs on an annual basis. Homeownership development funds may be used to pay eligible costs associated with the development of single family homeownership units. The units may be either new construction or acquisition and rehabilitation of existing vacant units.
The value of the homes produced (appraised value after rehabilitation or new construction) cannot exceed HOME/Housing Trust Fund Sale Price Limit for the year in which the project is originally funded. The homes produced must be sold to an eligible buyer through a fee simple sale within nine months of completion of the construction.
Rental development funds may be used to pay eligible costs associated with the development of permanent multifamily housing. The units may be either new construction or involve acquisition with rehabilitation or reconstruction. The project can have up to four units.
Units developed with LHC assistance must meet the following affordability requirements: Rent for assisted units must not exceed 30% of the adjusted income of a family whose annual income equals or is less than 65% of the area median income as determined by HUD, adjusted by bedroom size. HUD provides annual HOME rent limits that include average occupancy per bedroom and adjusted income assumptions.
For the purposes of the CHAAP Program, HOME rent limits and requirements will be used for all HOME Funds-assisted units.
In affordable rental housing developments with five or more assisted units, 25% of the assisted units must be occupied by very low-income families and meet one of the following rent requirements: The rent does not exceed 30% of the annual income of a family whose income equals 50% of the median income for the area, as determined by HUD, with adjustments for smaller and larger families.
The rent does not exceed 30% of the family’s adjusted income. If the unit receives federal or state project-based rental subsidy and the very low-income family pays as a contribution toward rent not more than 30% of the family’s adjusted income, then the maximum rent (i.e., tenant contribution plus project-based rental subsidy) is the rent allowable under the federal or state project-based rental subsidy program.
Projects will be considered on a first come, first served basis with “first come” being defined as a complete application inclusive of information necessary for LHC staff to accurately underwrite the project. This may include information not listed in the original packet which is identified during review.
Potential applicants are strongly encouraged to discuss project proposals with LHC staff in order to ensure that they are consistent with housing goals identified in the HUD approved Consolidated Plan. The LHC reserves the sole right to approve or reject any and all applications on such basis as it deems to be in its best interest.
Multifamily Revenue Bonds Small Project Continuation Program Lafourche CDBG-NDR Piggyback NOFA Multi-Family Restoration Loan Fund OCD NOFA Middle Market Loan Program (MMLP) Want to receive more information? Find the documents you'll need to apply for this program. Browse resources WANT TO LEARN MORE ABOUT HOUSING DEVELOPMENT FUNDING?
2415 QUAIL DRIVE, BATON ROUGE, LA 70808 Accessibility & Language Options
According to the current listing, eligibility includes: State-certified Community Housing Development Organizations (CHDOs). Confirm the full requirements in the official notice before applying.
The current listing shows 25% (but not less than $2,000,000) of LHC's HOME allocation. Verify award ceilings, matching requirements, and allowable costs in the official notice.
CHDO Annual Awards Program (CHAAP) is funded by Louisiana Housing Corporation (LHC). Verify program details on the funder's official page before applying.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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