[StBernard] StBernard] sue's lra

[Westley Annis]

Gaby, Yes it seems to mean they will not accept the post Katrina appraisal. 
I have had my LRA meeting and the lady told me they will accept the 
appraisal only if done within the year before Katrina.  If you don't have 
that they will send an LRA inspector out to your house to look at your house

and appraise the pre Katrina value.  They will allow $130 per square foot to

rebuild but if the pre Katrina value is less than the $130 per square foot, 
they will use the lesser amount of the two to value your house.  So this is 
not going to help a lot of people cause the values they are using are so 
low.  They do offer an affordable loan if your income is below a certain 
amount and dependant on how many people you have in your household.  The max

amount of the loan is $75,000 and if you stay in the house for five years, 
either rebuild or relocate in LA, the loan turns into a grant and does not 
have to be repaid.  I went to my meeting on Nov. 9 and they said it would 
take about 8 weeks to get my award letter.  I don't think I will get enough 
help, but I had to try.  I don't know if they will let people appeal a low 
ball value. They said they do not count extra upgrades in a home like 
granite counter tops or hardwood floors, they only value the house with 
standard regular contractor grade materials, just enough to get you into 
something livable.

Laurie