[StBernard] A Legislative Update from Bobby...

[Westley Annis]

 Bobby Jendal writes:

"The damage from Hurricanes Katrina and Rita has left thousands of
homeowners trying to pay repair costs beyond what their insurance covered.
I am glad to say, Louisiana's Congressional delegation succeeded in its
effort to increase the National Flood Insurance Program's borrowing
authority to pay claims arising from the hurricanes.  In addition, our
efforts to provide relief for those homeowners have resulted in the
inclusion of as much as $6.2 billion in block grant funds as part of the
latest supplemental appropriation passed by Congress.  Louisiana can use
these funds to help homeowners cover their uninsured losses. "

**Anyone have a true interpretation of this one? Baker Plan substitute?
Additional?


"Thousands have lost their jobs and are facing increased financial pressure
following Hurricanes Katrina and Rita.  Many do not know how they will be
able to make their mortgage payments in the coming months. One program that
may provide help is from the Small Business Administration, which offers a
program for disaster victims whose homes were damaged by the hurricane
providing low interest rate mortgages through 2007."

***Ah, and what happens to those in Disability or Social Security or even
decimated in a financially-embarrassing situation where one can't make those
payments back? --and is rejected by the SBA because he/she can't make the
payments? They slip through the cracks without a hand-up to get a loan they
need to help them rebuild their property and lives.

..so many questions with little answers again. (But, I luv-ya Bobby!!!)..

Jer