Louisiana Renters Rebate 2023 – The Louisiana Renters Rebate Program can be of assistance to you if you own a residential rental property there. It is a tax benefit available to owners of homes with five or more rental units as well as the residents of such units.
Residents of the parishes of Caddo, Calcasieu, East Baton Rouge, Jefferson, Lafayette, Orleans, and St. Tammany are eligible for this program.
What is Louisiana Renters Rebate?
The Louisiana Renters Rebate Program assists Louisianans with current and future rent obligations. The Louisiana Housing Corporation is in charge of its administration and receives funding from federal funds. Candidates need to live in a rental property in one of the 57 parishes currently served by the program and earn less than 80% of the average income there.
You can also seek assistance if you reside in a prefabricated or mobile home. If you get government rent assistance, such as a Housing Choice Voucher or project-based rental assistance, you can still apply to the program.
For households that qualify, the program pays up to three months’ worth of back rent. The ability to remove tenants for failure to pay rent during the program’s covered period will also be prohibited beginning on May 7, 2021, for programs that directly pay rent to landlords. As a result, renters will be able to stay in their houses, and landlords will be able to collect back rent to pay for mortgages, repairs, and other costs. Read more here about this initiative.
How to Get Louisiana Renters Rebate
The newest rental assistance program in Louisiana may be available to you if you are a tenant or landlord. This innovative initiative is beneficial for both parties and an excellent method to keep your home occupied by paying off past-due rent and energy costs.
You must complete a few prerequisites in order to be eligible for the reward. The most crucial need is to learn what the parish median is. Getting your application in front of your local Louisiana rental assistance program is another crucial step. You must respond to a brief questionnaire.