Renter's or Homeowner's Declaration required by the CDC to prevent evictions before Dec. 31, 2020 or if extended the new date.
- 12-6-2020
- Evictions
- Question 261
State of Louisiana OCD-DRU Action Plan Amendment 12 asks HUD for approval to change SBA Loan repayment multiplier based on hardship matches.
APA 12, Page 19 the State of Louisiana Office of Community Development spells out hardships only after it spells out the option to change the repayment multiplier from 0.50 to anything between 0.0 and 100.
"Dependent on the proportion of applicants with incomes in excess of 120% AMI who also meet one or more of the approved hardship criteria, the state reserves the right to adjust this multiplier accordingly if it can do so and remain within required overall LMI benefit parameters."
Hardship Criteria for Homeowner Populations with Incomes Exceeding 120% AMI.
The information provided on page 19 of the Restore Louisiana Homeowners Program Action Plan Amendment 12 appears to not include young, healthy singles, couples in the >120% AMI income bracket. This could be offset by repealing some programs for Economic Development and Infrastructure not targeted to the below 80% AMI Community.
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