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ActiveLouisiana Housing Corporation (LHC) · 2026

Nonprofit Open Cycle Affordable Housing Program (NOAH): Homeownership Development

Quick Facts

Agency: Louisiana Housing Corporation (LHC)
Funding: Unspecified (HOME Investment Partnership Program Funds)
Deadline: Check Source
Status: Active
Eligibility: Experienced nonprofit housing development organizations in Louisiana.

About This Grant

Nonprofit Open Cycle Affordable Housing Program (NOAH): Homeownership Development is sponsored by Louisiana Housing Corporation (LHC). Distributes HOME Investment Partnership Program Funds (HOME Funds) to experienced nonprofit housing development organizations on an open noncompetitive basis for new small affordable housing development projects.

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Opportunity Details

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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.

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.

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 Nonprofit Open Cycle Affordable Housing Program (NOAH).

Under this program, the LHC distributes HOME Investment Partnership Program Funds (HOME Funds) to experienced nonprofit housing development organizations on an open noncompetitive 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.

Project must be small in scope (up to six units) and modest by local standards. 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 purposes of the NOAH Program, HOME rent limits and requirements will be used for all HOME Funds-assisted units. Project based vouchers (PBV) may be awarded to projects that have one-bedroom units available to serve households in need of permanent supportive housing (PSH). In addition to the unit size, the project must be close to public transportation and health care.

No more than 25% of the units in a project can be set aside for PSH PBVs. Projects that request PBVs will be reviewed by the PSH Executive Management Counsel with the PSH/PBV waiting list to ensure the project is in a location where services are accessible and people in need of PSH want to live.

Projects are 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 (such as community housing development organization [CHDO’s], nonprofit organizations, community development corporations [CDC’s], etc.) are strongly encouraged to discuss project proposals with LHC staff in order to ensure that they are in furtherance of LHC goals. 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

Eligibility Requirements

Experienced nonprofit housing development organizations in Louisiana.

Frequently Asked Questions

Who can apply for Nonprofit Open Cycle Affordable Housing Program (NOAH): Homeownership Development?

According to the current listing, eligibility includes: Experienced nonprofit housing development organizations in Louisiana. Confirm the full requirements in the official notice before applying.

Who funds Nonprofit Open Cycle Affordable Housing Program (NOAH): Homeownership Development?

Nonprofit Open Cycle Affordable Housing Program (NOAH): Homeownership Development is funded by Louisiana Housing Corporation (LHC). Verify program details on the funder's official page before applying.

Which states are eligible for Nonprofit Open Cycle Affordable Housing Program (NOAH): Homeownership Development?

This opportunity targets applicants in Louisiana. If your organization operates elsewhere, check the official notice for location requirements.

How do I apply for Nonprofit Open Cycle Affordable Housing Program (NOAH): Homeownership Development?

Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.

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National Housing Trust Fund (NHTF) is sponsored by Louisiana Housing Corporation (LHC). This federal affordable housing production program complements existing federal, state, and local efforts to increase and preserve the supply of decent, safe, and sanitary affordable housing for extremely low and very low-income households, including homeless families and individuals.

UnspecifiedDeadline: Check Source

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