Current through Register Vol. 50, No. 11, November 20, 2024
Section II-501 - BackgroundA. The Louisiana Housing Finance Agency (the "Agency"), as administrator of the HOME Investment Partnership Program for non-entitlement areas throughout the state, has established a Substandard Housing Assistance for Rural Economies Grant Program. The agency is making available $3,000,000 for the SHARE Grant Program. Each local governmental unit selected to participate will receive up to $150,000 to make grants up to $15,000 to qualified homeowners to rehabilitate their homes. Qualified residences must be substandard single unit residences owned and occupied by very, very low income homeowners. 1. Local Government Unit Eligibility. Local governmental units must not be a part of a consortium or entitlement area currently receiving HOME funds and must complete an application in accordance with the selection criteria to qualify for the Substandard Housing Assistance for Rural Economies Grant Program. Local governmental units accepted into the program must execute an appropriate agreement with the agency to comply with federal laws and regulations.2. Eligible Homeowners. Eligible homeowners must: a. have income that is at or below 60 percent of the median income for the area within which the municipality is located; andb. own the single unit residence as his principal residence.3. Qualified Residences a. Each residence to be rehabilitated under the SHARE Grant Program must be: i. a one unit residence, i.e., no multi-unit buildings and no mobile homes;ii. deficient with respect to one or more conditions which are required to be addressed in order to satisfy the Section 8 Housing Quality Standards (following completion of the rehab, the residence must satisfy the Section 8 Housing Quality Standards); andiii. subject to an appraisal which demonstrates that the post-rehab value of the residence does not exceed HUD's 203(b) limits for the area.b. The cost of rehabilitation of any residence may not exceed 75 percent of the replacement value of the residence.4. Grant Awards to Eligible Homeowners. The amount of grants to homeowners under the Substandard Housing Assistance for Rural Economies Grant Program may be at least $1,000, but not in excess of $15,000.5. Selection Criteria-Points a. Jurisdiction proposes to implement a Community Involvement Program-25.b. Jurisdiction proposes to provide homeowner training to the residents it serves under the Substandard Housing Assistance for Rural Economies Grant Program-25.c. Jurisdiction proposes to have material participation by CHDO or local non-profit organization. (e.g., homeowner training, identification of applicants, etc.)-10.d. Previous participation under LHFA's Health and Safety Rehabilitation Grant Programs with no outstanding findings-10.e. Project is located in an area targeted for rehabilitation by local jurisdiction. Briefly describe the neighborhood(s) targeted to receive the HOME program assistance-15.f. Jurisdiction proposes to serve at least three homes with dual income families-15.g. Jurisdiction proposes to serve at least five families at 50 percent or below of area median income-20.h. Jurisdiction proposes to rehabilitate at least five housing units serving one or more of the following special needs groups (check one or more)-20.iv. single parent households;v. large families (5 or more).i. Jurisdiction proposes to rehabilitate housing units in areas within which minorities (i.e., Black, Native American, or Women) constitute a majority of the households-15.j. Leverage ratio for each HOME dollar (monies from other sources other than the homeowner to be used in conjunction with HOME funds for rehabilitation). Minimum Other Dollars |
$0.50 | 5 |
$1.00 | 10 |
$1.50 | 15 |
$2.00 | 20 |
Over $2.00 | 25 |
k. Projects to be located in parishes listed below qualify for selection criteria points as shown based on the per capita income (poverty level): i. West Feliciana, East Carroll, West Carroll, Allen-30;ii. St. Martin, Grant, Franklin, St. Helena, Avoyelles, Catahoula, Madison, Vernon, Tensas, Evangeline, Jefferson Davis, Bienville-25;iii. Winn, Concordia, Richland, Claiborne, LaSalle, Caldwell, Natchitoches, Red River, Cameron, Assumption, Acadia, Sabine-20;iv. Morehouse, Washington, Jackson, Tangipahoa, Pointe Coupee, Webster, Vermillion, Beauregard, East Feliciana, St. Landry, St. Mary, Terrebonne-15;v. Lafourche, St. James, Lincoln, Iberia, Iberville, DeSoto, Union, St. John the Baptist, Plaquemines, Livingston, St. Bernard, Ouachita-10;vi. Bossier, Ascension, Orleans, West Baton Rouge, St. Charles, Jefferson, Calcasieu, Lafayette, St. Tammany, Rapides, Caddo, East Baton Rouge-5.l. Jurisdiction proposes to rehabilitate housing units listed below in the following parishes in affected/disaster areas due to Tropical Storm Frances/Hurricane Georges in accordance with FEMA 1246DR-LA:i. Acadia, Ascension, Assumption, Cameron, Evangeline, LaFourche, Livingston, Plaquemines, St. Bernard, St. James, St. John, St. Tammany, Vermillion, Washington, Tangipahoa-15.La. Admin. Code tit. 16, § II-501
Promulgated by the Department of Treasury, Housing Finance Agency, LR 25:100 (January 1999).AUTHORITY NOTE: Promulgated in accordance with R.S. 40:600 et seq.