How much money was spent on Hurricane Katrina?
How much money was spent on Hurricane Katrina?
The Louisiana Road Home program, which allocated $1 billion to elevate and repair homes to protect them from flooding and storms, was part of the $29 billion Hurricane Katrina relief effort approved at the time by Congress. The government investigation found that 70 percent of the money has not been accounted for.
Is there extra funding for road home applicants?
The implementation of this policy does NOT provide any additional funding to Road Home Applicants.
How did the government help after Hurricane Katrina?
But the call for stricter accountability in government spending rings hollow in the Gentilly neighborhood of New Orleans, where dilapidated houses remain an eyesore for Felicia Higgins, who said she went through a very “arduous process” to qualify for a government grant to elevate her home.
Why do I have a negative variance on my Road Home Grant?
Homeowners who have not returned home (unable to re-occupy the damaged residence) and/or who have not completed elevation (if they were required to elevate), Compliant with your Road Home Grant (s), but have a negative variance on the file due to a Duplication of Benefits (Additional insurance payment) and/or overpayment.
What do I need to raise my house after Hurricane Katrina?
According to the Abry Brothers website, the ICC offers $30,000 to defray the cost of elevating your house. To be eligible, you must have held flood insurance before Hurricane Katrina; your house must sit below the required height; and the authorities must show a damage assessment of more than 50 percent.
How much does it cost to claim damage from a hurricane?
The value of your home decreased by $15,000. You received $2,000 in insurance money. Your initial loss is $15,000 less $2,000 (insurance), or $13,000. That amount is reduced to $12,900 ($13,000 less $100). Finally, subtract $5,000 (10% of your AGI).
The Louisiana Road Home program, which allocated $1 billion to elevate and repair homes to protect them from flooding and storms, was part of the $29 billion Hurricane Katrina relief effort approved at the time by Congress. The government investigation found that 70 percent of the money has not been accounted for.
How does FEMA help you Raise Your House?
Under FEMA’s National Flood Insurance Program, if your house was substantially damaged by flooding, the Increased Cost of Compliance (ICC) coverage may help you pay for raising your house. According to the Abry Brothers website, the ICC offers $30,000 to defray the cost of elevating your house.