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Many have forgotten the "Little Fix" that could end the struggle hundreds of disaster victims are still facing today with a vote from the Louisiana Task Force in favor of creating a path to success within the guidelines and policies currently in place.
I have completed my homeowner, did my research.
I have found a flaw in the SBA data sharing feed that penalizes homeowners that have cancelled the SBA Loan before receiving any assistance when you combine the cancellation letter from the SBA with our current DOB Policy and Public Law 115-123.
Let's get the 55% going strong and help them finish their rebuilds so the rest can enjoy a smoother process of reallocation of funds.
- Vote to follow Public Law 115-123
- Vote to follow the State of Louisiana Office of Community Development Disaster Recovery Unit DOB Policy as published in the Administration Manual Exhibit 2-5.
- Vote to accept the SBA letter from homeowners that confirms and announces that the homeowner has cancelled their SBA loan and that the SBA has accepted the homeowners cancellation.
- Vote to request HUD waive the SBA duplication of benefits for all low to moderate income homeowners that have exhausted all available resources and risk a debt burden as Governor Edwards described in Action Plan I that will prevent the possibility of disaster victims becoming homeless by loss of their home due to unsustainable debt burden.
- Vote to petition the SBA to update their data feed so it reflects the actual loan amounts agreed to and under contract with the SBA.
- Vote to petition the SBA to update their data feed to identify a loan that has been cancelled by the homeowner or borrower.
- Vote to request FEMA waive DOB on grants awarded to Low to Moderate Income households as identified by HUD that have "Homeowner Responsibility" equal to or less than the amount of the FEMA Grant for Structural Repairs. This will require a formula that accepts the FEMA IHP or structural grants and compares the amount with remaining homeowner responsibility. As we all know, many post disaster issues faced by the homeowners required the homeowner to put into place a needs and list of importance to the household. Not all of us were able to recover to the point of starting our muck out without this early assistance by FEMA. This waiver would allow a fresh start so those bogged down by homeowner responsibility debt can be relieved of the FEMA funds.