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LHFA EXTENDS CARRYOVER, 10 PERCENT TEST DEADLINES

Friday, June 15, 2007 - 7:15AM

In its board meeting yesterday, the Louisiana Housing Finance Agency (LHFA) extended the carryover and 10 percent test deadline from July 1, 2007 to September 30, 2007 for projects that received both a low-income housing tax credit (LIHTC) allocation and U.S. Department of Housing and Urban Development (HUD) Community Development Block Grant (CDBG) piggy-back funds. HUD Secretary Alphonso Jackson applauded the move, saying LHFA's action greatly enhances the ability of the Housing Authority of New Orleans (HANO), currently under HUD control, to continue its efforts to build affordable housing at C. J. Peete, B. W. Cooper, St. Bernard and the Lafitte public housing developments, four public housing communities that suffered damage after Hurricane Katrina rendering a majority of them uninhabitable.

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