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The Road Home is offering incentives to encourage property owners to rebuild much needed affordable rental housing. The Louisiana Recovery Authority says its Small Rental Property Program is essential to the return of Louisiana residents still displaced by the hurricanes.
Through a series of competitive application rounds, The Road Home rental program will provide incentives loans that are forgiven in stages over time. By providing an incentive for owners to rebuild their rental properties and requiring them to keep rents affordable, the LRA hopes to bring back reasonably priced rental properties in the most storm damaged areas.
"There is a great need for affordable rental options for our residents....