Sept. 21, 2016 2 years from that day I am writing about an issue that has plagued our home and 15,000 other homes in the state of Louisiana since the Great Floods of 2016 also known as DR-4263 and DR-4277
"FEMA regulations at 44 CFR 206.191 set forth a delivery sequence that establishes which source of assistance is duplicative for certain programs. CDBG-DR assistance is not listed in FEMA's sequence, but as a practical matter, CDBG-DR assistance duplicates other sources received before the CDBG-DR for the same purpose and portion of need. Any amount received from other sources before the CDBG-DR assistance that is determined to be duplicative must be collected by the grantee. The mandatory agreement to repay (discussed in VII. below) can be used to prevent duplication by assistance that is available, but not yet received. If the duplicative assistance is received after CDBG-DR, the grantee must collect the DOB or contact HUD if it has questions about whether another Federal agency is responsible for collecting the duplication.
VII. Agreement To Repay The Stafford Act requires grantees to ensure that applicants agree to repay all duplicative assistance to the agency providing that Federal assistance. To address any potential DOB, each applicant must also enter into an agreement with the CDBG–DR grantee to repay any assistance later received for the same purpose for which the CDBG-DR funds were provided. This agreement can be in the form of a subrogation agreement or similar document and must be signed by every applicant before the grantee disburses any CDBG-DR assistance to the applicant."
About 8 results
American Rescue Plan Act Duplication of Benefits concerns and alerts
3 minutes 37 seconds reading time.
SVO Grant is a duplication of benefits with the SBA EIDL and any PPP Draw. A duplication of benefits occurs when your business including self-employed gig workers receives financial assistance which can be in the form of federal secured loans
Restore Louisiana Homeowners SBA DOB payoff Hardship application highlights
22 seconds reading time.
If you are in Louisiana and have an SBA loan from the 2016 floods you most likely are very aware of the June 20th 2019 HUD Guidance that allows you to use HUD CDBG-DR funds to payoff SBA debt if you can show HUD you have a financial hardship repaying debt
Public Law 115-123 signed into law Feb 9, 2018 helped 230 Louisiana Disaster Victims this week!
2 minutes 30 seconds reading time.
Senate Bill 2226 sponsored by Senator Marco Rubio and co-sponsored by Senator John Kennedy, Senator Bill Nelson, Senator John Cornyn and Senator Ted Cruz has directly effected the lives of 230 Louisiana families in a good way! Declined SBA Loan DOB Fix.
Is this the answer to SBA Loans HR 302 Vote 9-24-2018 SEC. 1210. DUPLICATION OF BENEFITS
9 minutes 3 seconds reading time.
It was announced today, 9-22-2018 that the SBA Fix is in! Yes, finally, those that took the SBA Disaster Loan program federal assistance funds can finally not have their loan calculated as a duplication of benefits once the Governor asks the US President.
Need a Not for Profit to help get your home up to Restore Louisiana Standards?
2 minutes 50 seconds reading time.
Better watch it, Not for Profit building companies are in fact a Duplication of Benefits so you best ask if you could hire them before you go thinking you have a great deal. You never know what new rule is going to be enforced.
Understanding what HUD determines as Duplication of Benefits DOB and understanding the Guidance that HUD offices may not be what your States Office of Community Development Disaster Recovery Unit understands. Are they working your interest?