Nonprofit Open Cycle Affordable Housing Program (NOAH)
The NOAH program from Louisiana Housing Corporation funds nonprofits to develop or renovate affordable homes in Louisiana using federal HOME funds.
Funder: Louisiana Housing Corporation
Due Dates: Rolling (open, noncompetitive)
Funding Amounts: HOME funds for eligible affordable housing projects; award size and structure vary by project and availability.
Summary: Provides HOME Investment Partnership Program funds to experienced nonprofit housing developers in Louisiana for affordable housing projects on a rolling, noncompetitive basis.
Key Information: Projects must be small in scope and modest by local standards; applications are considered first come, first served.
Description
The Nonprofit Open Cycle Affordable Housing Program (NOAH), administered by the Louisiana Housing Corporation (LHC), distributes federal HOME Investment Partnerships Program funds to experienced nonprofit housing development organizations for the development of affordable housing throughout Louisiana. The program is designed to facilitate the construction, acquisition, and rehabilitation of safe and energy-efficient homes, supporting both homeownership and permanent multifamily rental projects. NOAH operates on an open, noncompetitive basis, allowing eligible nonprofits to apply at any time, with awards made on a first come, first served basis until funds are exhausted.
