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SMALL RENTAL PROPERTY PROGRAM Policy and - road2la 2025

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The document is a comprehensive guide for rental property owners participating in the Small Rental Property Program (SRPP), detailing policies and guidelines for tenant selection and occupancy. It outlines requirements for tenant income verification, fair housing compliance, maximum rent limits based on area median income (AMI), and procedures for lease agreements. The guide emphasizes the importance of adhering to federal and state regulations to ensure non-discriminatory practices in tenant selection, as well as the responsibilities of property owners regarding tenant displacement and utility payments.

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What is a road home grant in Louisiana?

Road Home is a program funded by the U.S. government which has provided federal grant money to help Louisiana residents rebuild or sell houses severely damaged by Hurricanes Katrina and Rita. This federally funded program is administered by the State of Louisiana.

What is the $15000 grant for small businesses in Louisiana?

In an effort to help Louisiana small business owners recover from the impact of the COVID-19 pandemic, the Department of Treasury is launching the Louisiana Main Street Recovery Grant Program to help affected businesses. Businesses can apply for up to $15,000 to cover eligible expenses.

How do I qualify for a first time home buyer grant in Louisiana?

Requirements Buy a home located in Louisiana. Earn no more than $99,000 (borrower only) Maximum 50 percent DTI ratio for most borrowers. Minimum 640 credit score for most borrowers. Complete a homebuyer education course (first-time buyers only)

What is the $10 000 grant for home improvement in Louisiana?

What is the Louisiana Fortify Homes Program (LFHP)? The LFHP grants up to $10,000 for homeowners to upgrade their roofs to the FORTIFIED Roof standard set by the Insurance Institute for Business Home Safety (IBHS).

What is the small rental property program in Louisiana?

The Small Rental Property Program (SRPP) allows for short-term leases for residents displaced due to Hurricanes Katrina Rita. This federally-funded program was implemented to provide assistance to landlord applicants renting residential properties to income-eligible tenants.