Road Home
Encyclopedia
Road Home is a program funded by the U.S. government which has provided historical federal monies for helping Louisiana
residents rebuild or sell houses severely damaged by Hurricanes Katrina
and Rita
. The Road Home is a federally funded grant program adminsitered by the State of Louisiana. To date, according to their web site , as of February 26, 2009, the program has disbursed a total of $7.8 billion in awards to 122,809 individual homeowners in the area cash grants averaging $63,586 each. These are cash grants, not low interest loans, and are received income tax free. They are on top of insurance awards, private or federal, which may have already been received.
Additionally, the program has been extended to provide cash grants to facilitate the elevation of homes in flood prone areas. According to the Road Home sitehttp://www.road2la.org/news_releases/elevation_payout_123108.htm: "So far, The Road Home has paid $543,608,113 in elevation funds to 18,914 homeowners through the program. Additionally, more than 4,400 applicants have been moved to closing."
Like the Federal Emergency Management Agency
(FEMA), Road Home has been the target of criticism.
Louisiana
Louisiana is a state located in the southern region of the United States of America. Its capital is Baton Rouge and largest city is New Orleans. Louisiana is the only state in the U.S. with political subdivisions termed parishes, which are local governments equivalent to counties...
residents rebuild or sell houses severely damaged by Hurricanes Katrina
Hurricane Katrina
Hurricane Katrina of the 2005 Atlantic hurricane season was a powerful Atlantic hurricane. It is the costliest natural disaster, as well as one of the five deadliest hurricanes, in the history of the United States. Among recorded Atlantic hurricanes, it was the sixth strongest overall...
and Rita
Hurricane Rita
Hurricane Rita was the fourth-most intense Atlantic hurricane ever recorded and the most intense tropical cyclone ever observed in the Gulf of Mexico. Rita caused $11.3 billion in damage on the U.S. Gulf Coast in September 2005...
. The Road Home is a federally funded grant program adminsitered by the State of Louisiana. To date, according to their web site , as of February 26, 2009, the program has disbursed a total of $7.8 billion in awards to 122,809 individual homeowners in the area cash grants averaging $63,586 each. These are cash grants, not low interest loans, and are received income tax free. They are on top of insurance awards, private or federal, which may have already been received.
Additionally, the program has been extended to provide cash grants to facilitate the elevation of homes in flood prone areas. According to the Road Home sitehttp://www.road2la.org/news_releases/elevation_payout_123108.htm: "So far, The Road Home has paid $543,608,113 in elevation funds to 18,914 homeowners through the program. Additionally, more than 4,400 applicants have been moved to closing."
Like the Federal Emergency Management Agency
Federal Emergency Management Agency
The Federal Emergency Management Agency is an agency of the United States Department of Homeland Security, initially created by Presidential Reorganization Plan No. 1 of 1978 and implemented by two Executive Orders...
(FEMA), Road Home has been the target of criticism.