Louisiana Recoverable Grant Agreement
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How to fill out Recoverable Grant Agreement?
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FAQ
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.
Road Home is a program funded by the U.S. government which has provided federal grant money to help Louisiana residents rebuild or sell houses severely damaged by Hurricanes Katrina and Rita. This federally funded program is administered by the State of Louisiana.
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.
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.
Restore Louisiana is funded through federal CDBG-DR funds that HUD allocated to Louisiana?a condition of this funding is that it may only be used to assist homeowners with repairing or replacing the structure of their damaged homes.
The Small Business Loan Program is a lending program to assist disaster-impacted small businesses with non-construction expenses.
