[StBernard] Strict Interpretation of the 50% Rule of LRA

[Westley Annis]

MJ,
 
i did not see the show, but believe that some of the information may be
misleading in that the program has certain features that continue to evolve
and changed between taping and viewing.
 
We have not been informed that the relocation issue is only for homes above
50% damaged, but there is the concept that the above 50% severely damaged
homes revert to the 100% pre-strom value in the calculation of eligible
benefits minus insurance.
 
The elevation requirement only becomes a requirement for those who did not
begin their repair process before the elevation advisories are adopted and
were not in a B zone.
 
Good luck and God Bless,
Craig 
 
 
-----Original Message-----
Oooh, and after watching an LRA special on WWL tonight, we'd have to ask the
answers to a couple questions.

Is a homeowner in a better position if his/her home is 49% Damaged or 51%
damaged? They were discussing how if you're under 50%, then the Road Home
applicant would be given "fix-up" money on the older property to SELL once
fixed up, that buying out is not an option? Is this an interpretation of
what they can do for those = most especially if an applicant wishes to
rebuild elsewhere in the state? If this is true, then the applicant must
have his/her home elevated before doing so? How do others interpret this
thing about DAMAGE PERCENTAGE going into the months ahead? Thanks, MJ.