[StBernard] Craig

[Westley Annis]

I am a resident of St. Bernard Parish. I recently applied for the program
and was found to qualified for funds and the forgivable loan program. My
home appraised for $128,000. I received $100,781 from both homeowners and
flood. Recently I was offered more money for my property than the LRA will
pay for my property- I was offered $41,000 and would only qualify for at the
most $27,500 if the property was found to appraise the same. Because I would
like to relocate within Louisiana, can I still qualify for the forgivable
loan? I can't see me being penalized for saving money from the program and
allowing me the ability to have more purchasing power on the real estate
market. Can someone explain why I would be put in a holding pattern if I
sold to anyone other than the LRA and the reasoning behind it? Isn't going
forward the key?

Wrenchturner