BATON ROUGE, La. (BRPROUD) — An agreement signed Tuesday gives the green light for Louisiana to receive billions for 2020-21 storm recovery, according to Governor John Bel Edwards.

The state will receive a $1.72 billion credit line for Hurricane Ida and May 2021 flooding recovery, and a $450 million credit line for Hurricanes Laura and Delta recovery. Money previously allocated includes $600 million for Hurricanes Laura and Delta, $831,502,000 for Hurricane Ida and May 2021 flooding. The governor’s office said the total allocation is at $3.1 billion.

“With the execution of this grant agreement, the state can provide recovery assistance to residents, businesses and communities affected by Hurricane Ida and the May 2021 Severe Storms and expand assistance for Laura and Delta,” Gov. Edwards said. “Louisiana was hit hard over the last two years, and with access to this new federal recovery funding, we are expanding statewide programs for homeowner assistance, affordable rental housing, economic revitalization, and infrastructure and community resilience projects.”

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