LA SB301

Louisiana Housing Corporation required to maintain and publish an annual inventory of surplus state immovable property on its website, with authority to retain parcels for affordable housing development

Affordable housing entities (nonprofits, corporations, or government entities) may submit proposals to develop affordable housing on surplus parcels, evaluated by a point system prioritizing permanent supportive housing, deeply affordable units, and acceptance of housing vouchers

Property transfers executed through cooperative endeavor agreements, allowing housing entities to provide development services equal to parcel value in exchange for property rights

Income thresholds defined for housing eligibility: very low-income (≤50% state median), low-income (≤80% state median), moderate-income (≤100% state median), with deeply affordable units capped at 30% of resident income for rent

Removes legislative committee approval requirement for surplus property disposition, shifting oversight from Natural Resources committees to the Louisiana Housing Corporation, with annual reporting to legislature and governor