Take-Out Commitment Agreement Sample Contracts

NEIGHBORHOOD LANDLORD RENTAL PROGRAM TAKE-OUT COMMITMENT AGREEMENT
Take-Out Commitment Agreement • March 16th, 2018

WHEREAS, the LOUISIANA HOUSING CORPORATION, a public body corporate and politic and an instrumentality of the State of Louisiana, and its successors and assigns (the “LHC”) in partnership with the State of Louisiana, Division of Administration, Office of Community Development (“OCD”) established the Neighborhood Landlord Rental Program (“NLRP Initiative”) to provide assistance to approved applicants (“Borrower” or “Applicant”) who agree to construct new residential rental housing units (“New Units”) or to renovate existing residential rental housing units (“Existing Units”) located in areas adversely affected by the floods identified by DR-4263 or DR-4277 in which FEMA Individual Assistance (“Great Floods of 2016”); and

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RENTAL RESTORATION AND DEVELOPMENT PROGRAM TAKE-OUT COMMITMENT AGREEMENT
Take-Out Commitment Agreement • May 17th, 2024

WHEREAS, the LOUISIANA HOUSING CORPORATION, a public body corporate and politic and an instrumentality of the State of Louisiana, and its successors and assigns (the “LHC”) in partnership with the State of Louisiana, Division of Administration, Office of Community Development (“OCD”) established the Rental Restoration And Development Program (“RRDP”) within parishes (“FEMA Declared Disaster Parishes”) adversely affected by Hurricanes Laura, Delta, Ida and the May 2021 floods (“FEMA Declared Disasters”); and

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