RENTAL RESTORATION ANDDEVELOPMENT PROGRAM

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The Louisiana Housing Corporation (“LHC”) will accept an application from an Eligible Borrower who will construct new residential rental housing units or will repair vacant residential rental housing units in a project that will not exceed seven (7) residential housing units (“Qualified Project”). An Eligible Borrower must partner with a qualified commercial lender that provides the firm commitment to be included in the Application to provide construction financing for a Qualified Project or must fully fund all development costs of the Qualified Project with the Borrower’s own funds.

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