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Can you summarize LAAC Title 16?
Louisiana Administrative Code > Community Affairs (Last Amended Date: September 2015)
Short Summary
The provided legal document content includes information on various housing programs in Louisiana. The Louisiana Open Housing Act requires programs seeking exemption to be specifically designed and operated to assist elderly persons. The attorney general or his designee must provide a final administrative disposition of a complaint within one year, unless impractical. The Louisiana Housing Finance Act establishes the Louisiana Housing Finance Agency as the governing body and outlines the requirements for applicants seeking agency moneys or services. The HOME Investment Partnership Program governs the allocation of funds for various categories, such as administration expenses and rehabilitation programs. The CHDO Homeownership Housing Program encourages CHDOs to develop or sponsor the construction, reconstruction, and/or acquisition-rehabilitation of single-family housing units. The SHARE Program provides grants to qualified homeowners for rehabilitating their substandard single unit residences. The Turnkey Mortgage Origination Program provides down payment and closing cost assistance for purchasing single-family homes. The MCC Program assists first-time homebuyers or individuals who have not owned a principal residence in the past three years in purchasing a residence in targeted areas. The Workforce Housing Initiative Program provides opportunities for citizens to purchase a home for primary residence occupancy. Overall, these documents provide guidelines and requirements for the implementation and processing of various housing programs in Louisiana.
Whom does it apply to?
The Louisiana Open Housing Act applies to programs seeking exemption and individuals involved in conciliation agreements. The Louisiana Housing Finance Act applies to applicants seeking agency moneys or services, lending institutions, and individuals involved in the agency's programs. The HOME Investment Partnership Program applies to various categories of funding allocation, including administration expenses, CHDO operating support, special needs set aside, rehabilitation programs, and home buyer assistance. The CHDO Homeownership Housing Program applies to Community Housing Development Organizations (CHDOs) and eligible borrowers. The SHARE Program applies to qualified homeowners for rehabilitating their substandard single unit residences. The Turnkey Mortgage Origination Program applies to individuals seeking down payment and closing cost assistance for purchasing single-family homes. The MCC Program applies to first-time homebuyers or individuals who have not owned a principal residence in the past three years. The Workforce Housing Initiative Program applies to citizens seeking opportunities to purchase a home for primary residence occupancy.
What does it govern?
The provided legal document content includes information on various housing programs in Louisiana, such as the Louisiana Open Housing Act, the Louisiana Housing Finance Act, the HOME Investment Partnership Program, the CHDO Homeownership Housing Program, the Substandard Housing Assistance for Rural Economies (SHARE) Program, the Turnkey Mortgage Origination Program, the Mortgage Credit Certificate (MCC) Program, and the Workforce Housing Initiative Program.
What are exemptions?
No specific exemptions are mentioned in these documents.
What are the Penalties?
No specific penalties are mentioned in these documents.
Jurisdiction
Louisiana