[StBernard] Grant Money

[Westley Annis]

MN,

The grant money is part of the LRA program, also called "The Road Home".
There are three options to take advantage of the program, depending upon
your plans.

1) Rebuild/Repair - If you are rebuilding or repairing your house, you can
get grant money, up to $150,000 to cover what FEMA/insurance doesn't pay.

2) Relocate in state - You can get up to $150,000 by selling your house to
the state and buying another house within Louisiana.

3) Relocate out of state - You can get up to $100,000 by selling your house
to the state and buying another house outside of Louisiana.

Notice, I said UP TO in all three cases.  Your best change for the max is
with option one.  For the other two, they will take your pre-Katrina value,
subtract FEMA and insurance (both flood and homeowners) then give you the
rest (option three gets hit with a 30% discount).

Although they are still waiting on another $4.2 billion from Congress, I
think they may end up with money left over even without the $4.2 billion.  I
thought it was bad enough they were deducting flood insurance but to deduct
homeowners insurance also is simply an outrage to me.

I don't know that there is anyone to complain too, other than this guy
Stafford that the Stafford act is named after.

I haven't updated it, but it should give you a ballpark figure.  Go to this
website to calculate how much you might get.
<http://www.askwestley.com/LRAFormula.html>

Westley

-----Original Message-----

Westley - I'm hearing mixed signals about grant money.  Is there any grant
money available for those who are staying in Louisiana but not rebuilding.
If there is such a grant program, can you point me in the right direction -
phone number or website?

MN