The sources of financing for this program are the Community Development Block Grant Program and the HOME Program. Both are federal programs for which funds are received by the City-Parish from the U.S. Department of Housing and Urban Development.
Financing involves mortgage loans on the properties to be rehabilitated.
Credit and property underwriting criteria apply to the evaluation of all loan applications. Applications are considered on a competitive basis. The information contained in this program description is an integral part of the application. Applicants should carefully review this information before submitting an application. Application Period Applications for 1 to 5 unit rental properties are accepted on an ongoing basis.