Lousiana Housing Finance Agency (LHFA)

KatrinaCottage_Yellow-CROPLUSTER was contracted to conduct a thorough analysis of the developer’s budget and assist in the development of a contract document and a Louisiana Housing Finance Agency (LHFA) procurement policy to support the Katrina Cottages pilot program.  This $70-million project, funded by the Federal Emergency Management Agency (FEMA), was designed to maximize the building of permanent housing with disaster relief funds across the State of Louisiana.  For several months, the LHFA and the developer attempted to negotiate a contract that was acceptable to both FEMA and LHFA.  LUSTER successfully developed a budget that was accepted by both FEMA and the State of Louisiana.  The new budget redistributed $26 million, with most of those funds going to benefit community economic projects.