Louisiana REALTORS® Rental Assistance Update
Louisiana REALTORS • January 19, 2021
In late December 2020, federal legislation was passed to allocate $25 billion nationwide to be utilized for rental and utility payments for those adversely affected by the COVID-19 pandemic. These dollars are not yet available as there are still several details that need to be worked out by both the federal and state government regarding how to disperse the funds.
Louisiana REALTORS® is in consultation with Governor John Bel Edwards’ office to ensure property owners’ positions are communicated as the program to disperse these funds is developed, and LR will serve as a resource to the administration moving forward. The Governor’s office has assured Louisiana REALTORS® that its focus will be on providing rental payments rather than utility payments (which is authorized by the federal legislation).
Louisiana anticipates receiving $308 million of the $25 billion, according to guidance from the U.S. Treasury Department. According to Gov. John Bel Edwards' office, the state's share of the money will be administered by the Louisiana Housing Corporation in less populated areas and by local government where there is a parish population of 200,000 or more. Those parishes include Orleans, Jefferson, St. Tammany, East Baton Rouge, Lafayette, Caddo and Calcasieu.
The U.S. Treasury Department released a helpful document on January 19, 2021, to address many frequently asked questions about the program. Please see below. While this gives beneficial information, there are still many unknowns about how the program will work.
Please check back here regularly; we will provide updates on this topic as useful information is made available.

Want Your Teen to Own a Home Someday? Start Talking Money Now Teens may not be thinking about mortgage rates or down payments just yet, but the money habits they’re building now can follow them for years. And 88% of teens surveyed by Fannie Mae and Junior Achievement said they want to own a home someday. This week’s Consumer Guide: Talk to Your Teens About Money and Homeownership makes those conversations a little easier, covering everything from credit scores and budgeting to debt, renting versus owning and saving for that eventual down payment. So yes, you may have to interrupt the doomscrolling. But helping teens get smarter about money today could put them in a much better position to get the keys to a home of their own down the road. Download all of NAR’s Consumer Guides in English or Spanish at facts.realtor. For ease of reference, below is a list of the most recent guides: NEW: Teen Financial Literacy Fraud Red Flags Helping Family Members Become Homeowners Prepare Your Home for Hurricane Season Condominium Insurance Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their home buying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy. The next Consumer Guide, scheduled for publication on Oct. 21, will cover winter cold and storm preparedness.




