[StBernard] LRA Appointment

[Westley Annis]

There are 3 options (Option 1) rebuild in St. Bernard live in the house for
3 years.On this one if the original grant is not enough they have something
that is called a silent loan if your income is low they will give you the
extra money  and you do not pay any of it back the obligation on this now
becomes 5 years that ,this will be your primary residence. (Option 2) Take a
buy out and built in LA also a 3 year obligation but you can re sell to
someone and they can finish that obligation. Also you can buy down (Option
3) take a 40% deduction in your Grant and go where ever you want. Also they
have added if one of the owners on the title is over 65 there will no be a
penalty.
Sue