Special Programs |
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Market-to-Market
Congress through the Multifamily Assisted Housing Reform and Affordability
Act of 1997 created the Mark-to-Market Program, and The Office of Affordable
Housing Preservation (OAHP) is responsible for the continuation of the
restructuring tools of the program.
Louisiana Housing Finance Agency (LHFA), as an approved Participating
Administrative Entity (PAE) for the State of Louisiana works with owners
of multifamily properties with federally insured mortgages and expiring
Housing Assistance Payment (HAP) contracts to determine eligibility.
The goal of the Mark-to-Market program is to preserve affordable housing
while reducing the rents to market levels and restructuring the debt
to levels supportable by these rents.
For more information about the Mark-to-Market Program, please visit
the HUD website at: http://www.hud.gov/omhar or contact Loretta Wallace
at 225 763-8700.
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