LHC Board of Directors to Review Governor Landry's Recommendations for the 2025 Qualified Allocation Plan (QAP)
Governor Jeff Landry has proposed a series of recommendations to enhance the 2025 Qualified Allocation Plan (QAP), aimed at bolstering affordable housing initiatives across Louisiana. The Louisiana Housing Corporation (LHC) Board of Directors will now review and consider the Governor's goals and priorities that place an emphasis on cost containment, increased housing opportunities for seniors and single-parent households, and assistance to victims of domestic violence.
Governor Landry’s recommendations underscore a multifaceted approach to addressing the state’s affordable housing crisis. By focusing on cost containment, the proposed QAP aims to optimize the allocation of federal Low-Income Housing Tax Credits (LIHTC), ensuring that the funds are used efficiently to maximize the number of affordable housing units constructed or rehabilitated.
“I am thankful to Governor Landry for the attention he has given to reviewing and making recommendations on the 2025 Qualified Allocation Plan," said LHC Executive Director Marjorianna Willman. "It is clear that housing is important to Governor Landry’s Administration. The LHC team will work as expeditiously as possible to address the areas that are referenced in the correspondence dated July 1, 2024."
The emphasis on increasing housing opportunities for seniors and single-parent households reflects a recognition of the unique challenges these demographics face in securing affordable housing. Seniors often live on fixed incomes, making them particularly vulnerable to housing instability. Single-parent households, typically headed by women, face financial burdens and need stable housing to provide a secure environment for their children.
Furthermore, the inclusion of assistance for victims of domestic violence highlights a commitment to providing safe and supportive housing options for individuals in crisis. Stable housing is critical to recovery and long-term stability for these victims.
The QAP is a pivotal framework for allocating federal Low-Income Housing Tax Credits (LIHTC), crucial in incentivizing private investment in affordable housing projects. Click below to access Governor Landry's letter.
Read Governor Landry's Recommendations Regarding the 2025 QAP
The 2025 QAP will play a significant role in shaping the future of affordable housing in Louisiana. As the LHC Board of Directors reviews these recommendations, the integration of these goals into the final plan could lead to a more effective and equitable distribution of resources, ultimately enhancing the state’s capacity to meet the diverse housing needs of its residents.
