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 critical role that equity investments, particularly through tax credit partnerships, play in the development of affordable housing in Louisiana. The stability of these commitments is essential for the successful completion of housing projects and the long-term affordability of rental options for low-income individuals.

The resolution emphasizes that unforeseen changes to these equity commitments can jeopardize project viability and impose financial burdens on developers, ultimately threatening the availability of affordable housing. To address this issue, the LHC is requested 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. A copy of the resolution will be sent to the executive director of the LHC to facilitate this request.