The Louisiana Loan Fund provides financing to developers of affordable and mixed-income housing. Funds are available to developers who acquire land or buildings for development to replace housing that was lost or severely damaged due to Hurricanes Katrina and Rita. The Fund is jointly managed by Enterprise Community Partners (Enterprise) and the Local Initiatives Support Corporation (LISC), the nation’s two largest community development organizations.

Through the Fund, eligible applicants may borrow up to $200,000 for Early Predevelopment expenses necessary for initial project feasibility and up to $3 million for Acquisition/Predevelopment financing to purchase properties and complete predevelopment activities prior to construction closing.