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HR 348 Louisiana House · 2025 Regular Session

HOUSING/AUTHORITIES: Requests the Louisiana Housing Corporation to monitor changes to terms and conditions of equity commitments made by investors to development projects in the state

HR 348 is a resolution (not a binding law) urging the Louisiana Housing Corporation (LHC) to monitor changes in investor commitments for affordable housing projects using Louisiana's Low-Income Housing Tax Credit program. It aims to protect developers and housing stability by ensuring transparency in tax credit partnerships, preventing project failures caused by shifting investor terms. The LHC would need to create a process for tracking these changes and collaborate with developers and investors. This directly affects affordable housing projects relying on tax credit investments across Louisiana.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill monitors LIHTC program transparency to protect tax credit effectiveness, promoting fiscal responsibility in housing funding without altering tax rates or defunding programs.85% confidence ✓ HousingSupports HousingBill requires monitoring investor commitments to prevent affordable housing project failures, ensuring stability in tax credit partnerships and protecting existing housing stock.90% confidence
Bill status passed 3 of 5 stages cleared
Introduction
Jun 2025
Committee Review
House Passage
Jun 2025
Senate Passage
Governor
Introduced Jun 10, 2025 Last action Jun 13, 2025
Maddy AI version diff · 1 comparison

What changed between versions

HR348 Original → HR348 Enrolled · 3 edits · Jun 11, 2025
MINOR
The bill was converted from a House Resolution to an Enrolled version, adding formal signatures and page numbering. The core policy request remains unchanged, asking the Louisiana Housing Corporation to monitor equity commitment terms in affordable housing projects.
TECHNICAL

Added 'ENROLLED' status and Speaker of the House signature block, indicating the bill has passed both chambers and is ready for the Governor's signature.

Added page numbering and formatting adjustments typical of the final enrolled version.

Removed the legislative digest and original document header information, which are not part of the final law.

Floor votes · House Jun 11, 2025

How they voted

88–1
Passed · 13 other
Total votes 102
Jun 11, 2025
D Democratic31
23 Yea 1 Nay 7
74% Yea
R Republican71
65 Yea 6
91% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
5
Key actions
1
Committee
0
Jun 11, 2025
Lower · Passed
Read by title, roll called, yeas 90, nays 1. The resolution was adopted.
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Michael Echols
Michael Echols
RRepublican
LA
14