The resolution urges the Louisiana Housing Corporation (LHC) to actively monitor any changes to the terms and conditions of equity commitments made by investors in development projects across the state. It highlights the importance of these equity investments, particularly those secured through tax credit partnerships, in facilitating affordable housing development. The resolution emphasizes that stability in these commitments is crucial for the successful completion of housing projects and the long-term affordability of rental housing for low-income individuals.

Furthermore, the resolution calls for the LHC to implement a monitoring process and collaborate with developers, tax credit partners, and other stakeholders to ensure transparency and protect the interests of all parties involved in affordable housing initiatives. By taking these proactive measures, the LHC aims to safeguard the viability of housing projects and maintain the availability of affordable housing in Louisiana. A copy of the resolution will be sent to the executive director of the LHC for action.