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Program is open cycle — projects considered on a first-come, first-served basis with no fixed deadline.
Nonprofit Open Cycle Affordable Housing Program (NOAH) is sponsored by Louisiana Housing Corporation (LHC). NOAH distributes HOME Investment Partnership Program Funds (HOME Funds) to experienced nonprofit housing development organizations on an open noncompetitive basis.
Funds can be used for homeownership development (new construction or acquisition and rehabilitation of single-family units) or rental development (new construction or acquisition with rehabilitation or reconstruction of permanent multifamily housing, up to four units).
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Pathways to Homeownership Program Lenders Marketing Toolkit 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 Pathways to Homeownership Program Lenders Marketing Toolkit 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.
Pathways to Homeownership Program Lenders Marketing Toolkit 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 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
According to the current listing, eligibility includes: Experienced nonprofit housing development organizations. Confirm the full requirements in the official notice before applying.
Nonprofit Open Cycle Affordable Housing Program (NOAH) is funded by Louisiana Housing Corporation (LHC). Verify program details on the funder's official page before applying.
This opportunity targets applicants in Louisiana. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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