The Louisiana Land Trust is a non profit organization formed to manage the properties that have been purchased by the State of Louisiana under the current Road Home Program as part of the ongoing recovery effort from the damage caused by hurricanes Katrina and Rita in 2005.
The Louisiana Road Home Corporation Act became effective on June 29, 2006 under Senate Bill No 445. This Act created a non-profit 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 gave the Road Home Corporation (now doing business as the (LLT)Louisiana Land Trust ) broad powers to receive and dispose of the 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.”
Funding for the Louisiana Land Trust is provided through Community Development Block Grant funds administered by the Office of Community Development.
Louisiana Land Trust is governed by a seven member Board of Directors, with no less than three members from the domiciliary of one of the parishes most affected by Hurricane Katrina and no less than three members from the domiciliary of one of the parishes most affected by Hurricane Rita.