Tax Credits, CDBG Funding To Play Key Role in New Louisiana HFA President's Recovery Plan

摘要

Adding affordable workforce housing in areas that have taken in displaced individuals, extending deadlines for using Gulf opportunity (GO) zone tax credits and vacant units for hurricane victims, and creating an insurance fund to offset higher premiums highlight Milton Bailey's hurricane recovery plan as the new Louisiana Housing Finance Agency (LHFA) president. Bailey's agenda also includes extending foreclosure forbearance periods, increasing supportive services, and getting the state declared an area of economic distress. "Anything that allows people to get back what they lost is open for discussion and should be open for discussion," he told HDR. "This is a catastrophe on a human scale rarely seen before and we have to do what it takes to help human beings to recover their lives."