[StBernard] Road Home Grants Begin

[Westley Annis]

SO LRA IS GOING TO PENTALIZE THOSE WHO HAD INSURANCE. SOUNDS LIKE I WANT TO
DROP ALL OF MINE.

Judy Hedrick
	>-----------------------------------------------------
	>Syl,
	>
	>The LRA has not nailed down all of the details in the many
different
	>scenarios that it will face- that is the reason for their pilot
program.
	>The one thing that is clear is any work done by a contractor or
yourself
	>should have receipts, invoices, cancelled checks, and any other
	>documentation that you can get. Keep track of everything you do
photograph
	>before and after as well.
	>
	>We know that if you got an SBA loan and you get LRA money, then SBA
will
	>likley take the LRA money and pay down the loan, not sure how they
will
	>handle a private commercial loan or an outstanding mortgage. LRA
has told
	>us that they are not interested in the SBA loan amount in
determining one's
	>grant eligibility and the LRA does not pay SBA directly, that is an
SBA
	>issue so I am speculating that what you get from the LRA is "yours"
if you
	>have a private/commercial loan.
	>
	>Good luck and God Bless,
	>Craig