Louisiana Grant Agreement
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How to fill out Grant Agreement?
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FAQ
To potentially receive assistance from Restore Louisiana, applicants must have owned their homes at the time of the disaster and must maintain ownership throughout their participation in the program.
After accepting their award, the homeowner will meet with the closing team to sign their grant agreement. Once the grant agreement is executed and depending on the homeowner's selected solution, the homeowner will be issued a reimbursement check and/or will be provided a grant award to repair or reconstruct their home.
The Restore Louisiana Homeowner Assistance Program offers a program-managed repair or reconstruction option (Solution 1). Solution 1 homeowners only need to execute their grant, move their personal belongings out and then back in when construction is complete.
The Small Business Loan Program is a lending program to assist disaster-impacted small businesses with non-construction expenses.
How does the Restore Louisiana affect my Louisiana state income tax? Pursuant to IRC Section 139, qualified disaster relief payments are excluded from gross income.
The first step in the Restore Louisiana Homeowner Assistance Program is a brief online survey for flood-impacted homeowners. Survey responses will determine when homeowners are able to advance to the application step.
Be a Louisiana Resident;* File a Free Application for Federal Student Aid (FAFSA); Receive a Federal Pell grant; Have remaining financial need after deducting Estimated Family Contribution (EFC) and all federal/state/institutional grant or scholarship aid (?gift aid?) from student's Cost of Attendance (COA);
The Agreement includes: this letter ? the Grant schedule (attachment A) ? the Grant terms and conditions (attachment B) ? your application ? the grant opportunity guidelines applicable on the date you submitted your application.