On May 27, 2025, the Tangipahoa Parish Council adopted Tangipahoa Parish Resolution 25-13 certifying the parish's public approval of bonds under section 147(f) of the Internal Revenue Code of 1986, as amended. The action followed a presentation by Bridgette Homer of the Capital Area Finance Authority asking the council to allow CAFA to offer a new round of down-payment assistance bonds.

CAFA's Homer told the council the authority has offered down-payment and closing-cost assistance for about 40 years and issued a $40 million bond in 2023 that has since been depleted. "We have since depleted those funds," Homer said. She said CAFA is "asking for permission again to offer this program" and requested authority to offer up to $100 million in this round. "There's no risk to the parish," she said, describing the measure as permission to make the program available rather than a parish-funded loan.

Homer described program mechanics: the assistance equals 5% of the final loan amount and is paid through lenders up front and reimbursed by CAFA on the back end. "So just to kinda give you an idea ... if it's $200,000, they get 5% of that final loan amount. So that could give someone $10,000 to go towards their down payment and closing portion," Homer said. She also said CAFA provides homebuyer education and lender-managed disbursement and reimbursement processes.

Council members voted to adopt the certificate of public approval. The roll call in the record shows the resolution passed; the clerk recorded the outcome as "Passes 8 to 0." The motion to adopt and the second were made on the floor before the roll call.

The resolution enables CAFA to proceed with offering the program in Tangipahoa Parish, subject to federal bond rules and future underwriting decisions. The council record does not specify a timeline for issuance or additional implementation steps beyond the certificate of public approval.

For transparency, the resolution cites federal tax-law requirements: the action records the parish's approval pursuant to section 147(f) of the Internal Revenue Code of 1986, as amended, which governs publicly approved tax-exempt private activity bonds.