Louisiana Housing Finance Agency

OVERVIEW

The Grants for Grads Program is established in recognition that many Louisiana’s residents relocate from Louisiana upon completion of their college careers due to a perceived lack of economic opportunity. Homeownership reflects a commitment to remain in Louisiana and continue the tradition and culture of the state.

ELIGIBILITY

Any Louisiana resident who has received an associate, baccalaureate, masters/postgraduate degree on or after January 1, 2008 and was:

a) Resident of LA at time of high school graduation (public, private, or BESE approved home-school) OR

b) Out-of-state graduate of accredited school whose parent was a Louisiana resident at the time of applicant’s graduation and who resides in Louisiana at the time of registration in the program

REGISTRATION REQUIREMENTS

Applicants must register with LHFA within 60 days of graduation by completing the “Grants for Grads Application” found below and clicking submit. The Agency will be in contact with you once the application is reviewed.

If applicants are married and both spouses are eligible, each applicant should register individually. The applicant must: a) Provide evidence of Louisiana residency AND certified transcript or diploma for

their high school and college graduation b) Intend to live and work in Louisiana at a minimum 5 years c) Intend to purchase a permanent home in Louisiana

GRANT AWARDS

No earlier than January 2013, a grant award will be given to 100 grantees (Purchasing 1st Primary Residence) each year based upon a random lottery conducted by LHFA by January 31st, if necessary.

The amount of the awards will be as follows:

Single individual, the lesser of: a) The total cumulative LA state individual income tax paid in the past 5 years b) Ten thousand dollars ($10,000)

Married couple, the lesser of: a) The total cumulative LA state individual income tax paid by grantee and spouse, filing jointly or separately in past 5 years b) Fifteen thousand dollars ($15,000)

Additional program guidelines can be found on our website under “Grants for Grads”.

GRANTS FOR GRADS
APPLICATION

Personal Information

Applicant's First Name

Applicant's Middle Name

Applicant's Last Name

LA Resident

Applicant’s Spouse

Applicant Social Security Number

Applicant’s Spouse Social Security Number

Mailing Address:

City:

State:

Zip/Postal Code:

Parish:

Phone:

Email Address:

High School

Graduation Date

High School Location

Diploma / G.E.D.

School Type:

If out of state, list parent(s) Name & Address

Higher Education Information

School:
Other
Graduation Date
Institute of Higher Education Location
Degree Earned		If Other Please Specify
Major		Minor

Employment Information

Place of Employment
Employer’s Address
Employer’s Telephone

I CERTIFIED TO THE BEST OF MY KNOWLEDGE THAT THE INFORMATION ABOVE IS CORRECT.

I will provide evidence documenting my Louisiana residency, high school, and college graduation. I intend to live and work in Louisiana for at least the next five years. I hereby register for the Grants for Grads Program with the intent to purchase a permanent home in Louisiana. I understand that there will be an application period of 90 days starting on the due date of the filing of my fifth (5th) LA State individual income tax return since graduation.

Date:

Applicant’s signature (s)

Spouse signature

Send Copy to Applicant

Please type the letters and numbers you see below into the blank on the right side of the letters. These letters are case-sensitive.