After years of waiting, 230 homeowners will finally see the funding they applied for following the 2016 flood. The first round of funds will be distributed to residents who were approved for the SBA loan but declined or cancelled it.
“We know these folks have been without this assistance by all right what they should have had for 2 years now so we’re finally able to put the pieces in place and start bringing them across the finish line” said Pat Forbes, Executive Director for the Office of Community Development.
Forbes said, HUD has guidance that will result in some homeowners waiting even longer. He said, for homeowners who drew down some of the SBA loan, the state must submit an action plan amendment to HUD before Restore Louisiana can issue them funds.
“Some of them say you’re going to be getting a check in the next several days, some of them say we need you to call us.”
Congressman Garret Graves said, although this is good news, there is still some things that need to be worked out to ensure everyone gets their fair share.
“There is an issue where they are trying to discriminate or box some people out at certain income levels and I don’t think that’s appropriate either, they’re trying to introduce new criteria that would only allow a certain people that took loans to receive grant checks” said Graves.
As the first wave of funding goes out, Restore Louisiana is urging people to either accept their grant by the end of the month or notify the organization of an obstacle that’s preventing them from doing so.
“We need people to come sees us either come in and close on that grant or come in and tell us what’s stopping you from doing that so we can help you figure out how to get there” said Graves