HLS 21RS-3652 ORIGINAL
2021 Regular Session
HOUSE RESOLUTION NO. 158
BY REPRESENTATIVE DUPLESSIS
HOUSING: Requests the Louisiana Housing Corporation to study the distribution of low
income housing tax credits
1 A RESOLUTION
2To urge and request the Louisiana Housing Corporation to study the distribution of low
3 income housing tax credit resources, as such distribution is provided for in the
4 Qualified Allocation Plan, to identify barriers to equitable distribution of these
5 housing resources, and to report findings of the study to the House Committee on
6 Municipal, Parochial and Cultural Affairs not later than sixty days prior to the
7 convening of the 2022 Regular Session of the Legislature.
8 WHEREAS, the Housing Needs Assessment, commissioned by the Louisiana
9Housing Corporation, indicates a strong need for housing in certain areas of Louisiana; and
10 WHEREAS, the U.S. Congress, through the 2018 Consolidated Appropriations Act,
11increased the share of total low income housing tax credits available by 12.5% until 2021;
12this increase was based on the state's population; and
13 WHEREAS, a significant portion of Louisiana's population lives in cities, but cities
14may not be receiving a portion of housing resources allocated to the state that is
15commensurate with their portion of the state's population; and
16 WHEREAS, for example, changes in the method of calculating total development
17costs fail to reflect market realities of development activities in urban communities,
18including the cost of land and labor, and significantly diminish resources that some areas of
19the state will receive; and
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HR NO. 158
1 WHEREAS, a significant number of Louisiana's city residents are employed in
2occupations where the average annual salary is not enough to pay the median gross rent in
3the area, which is evidence of an inadequate supply of affordable housing; and
4 WHEREAS, demand for tax credit investment, driven in part by the Community
5Reinvestment Act, can provide additional opportunities for financial leveraging and capital
6optimization in housing investment; and
7 WHEREAS, many areas of the state believe that they have not received an adequate
8share of the substantially increased resources available for distribution from the Louisiana
9Housing Corporation.
10 THEREFORE, BE IT RESOLVED that the House of Representatives of the
11Legislature of Louisiana does hereby urge and request the Louisiana Housing Corporation
12to study the distribution of low income housing tax credit resources, as such distribution is
13provided for in the Qualified Allocation Plan, and to identify barriers to equitable
14distribution of these housing resources.
15 BE IT FURTHER RESOLVED that the staff and the board of the Louisiana Housing
16Corporation are requested to specifically examine the funding pools, scoring, threshold
17requirements, and development cost limits provided in the Qualified Allocation Plan and to
18carefully consider the outcomes, information, and public comments obtained during the
19study.
20 BE IT FURTHER RESOLVED that the corporation shall report findings of the study
21to the House Committee on Municipal, Parochial and Cultural Affairs not later than sixty
22days prior to the convening of the 2022 Regular Session of the Legislature.
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HR 158 Original 2021 Regular Session Duplessis
Requests the La. Housing Corp. to study the distribution of low income housing tax credit
resources, to identify barriers to equitable distribution of these housing resources, and to
report findings of the study to the House Committee on Municipal, Parochial and Cultural
Affairs not later than 60 days prior to the 2022 R.S.
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