The Louisiana Land Trust (LLT) is a nonprofit organization initially formed in 2006 to acquire and manage properties that were purchased on behalf of the State of Louisiana under the Road Home Program as part of the ongoing recovery effort from damage caused by hurricanes Katrina and Rita. LLT is currently implementing multiple disaster recovery and mitigation projects for the State of Louisiana Office of Community Development – Disaster Recovery Unit.
The Louisiana Land Trust is currently implementing multiple disaster recovery and mitigation projects on behalf of the Louisiana State Office of Community Development - Disaster Recovery Unit. The list of projects includes the Restore Louisiana Solution 4 Buyout Program, the Isle De Jean Charles and Pecan Acres Resettlement Programs, and the Statewide Mitigation Buyout Program. All of these programs are funded by the Department of Housing and Urban Development with the goals of supporting past storm victims through housing relocation assistance and mitigating future storm damage by clearing these properties and restricting their future development to greenspace uses.
The Louisiana Road Home Housing Corporation Act became effective on June 29, 2006, under Senate Bill No. 445. This Act authorized the formation of a nonprofit corporation whose mission is “to finance, own, lease as lessee or lessor, sell, exchange, donate or otherwise hold or transfer a property interest in housing stock damaged by Hurricane Katrina or Hurricane Rita.” This Act enabled the Road Home Corporation (doing business as the Louisiana Land Trust) to be established with broad powers to receive and dispose of properties, to accept funds “from any sources,” to borrow against these properties, and to obtain payment for these obligations, and to “enter into any and all agreements,” necessary to carry out its mission. This would be done under the guidelines “set forth by the Louisiana Recovery Authority” and to provide for financing “as administered by the Office of Community Development.”