APA 12 Email Notice from Restore Louisiana an update referencing HUD Guidance and ruling on APA 12

Start of Email 10-16-2019

Dear Homeowner,

On Friday, October 11, the U.S. Department of Housing and Urban Development provided a partial approval to the state’s action plan amendment (APA 12) for Small Business Administration loans being counted as a Duplication of Benefits. You may access the Program statement regarding this matter at this link.

Details about what this means for you are listed below:

If your household income is at or below 120 percent AMI and you have already closed on your grant agreement:

The Program will send out an Adjustment Acknowledgement Form in the coming weeks to highlight the changes in your grant award.
You will need to sign and submit this form back to the Program. Once the signed form has been received by the Program, a check for the amount indicated as the SBA Disbursed Adjustment will be issued to SBA on your behalf as payment towards the SBA loan amount that you drew down.

If your household income is at or below 120 percent AMI and you have not yet closed on your grant agreement or you were previously in “zero award” status:

The Program will send notice of your recalculated grant award in the coming weeks. Restore Louisiana will work with you to collect required documentation to finalize your updated grant award so that you can accept and close on your grant and payment can be issued to SBA on your behalf.

If your household income is above 120 percent AMI:

The state continues to work with HUD to develop hardship exception criteria that meet HUD approval for RLHP applicants.
Once the State receives approval from HUD for the hardship criteria and the steps to submit a hardship exception request, Restore Louisiana will contact you with detailed information about your status within the Program and the required next steps.

All SBA Disbursed Adjustments require income documentation in file for all applicants and household members 18 years of age and older. Restore Louisiana is working as quickly as possible to review and update homeowner income and AMI information. To submit income documentation to the Program, please email to RelaDocs@restore-la.org.

Sincerely,

The Restore Louisiana Homeowner Assistance Program

End of Email 10-16-2019

Thank you for reading. Use the message form below to send your comment, suggestion, feedback, opinion, and content request.
Expect a response within 2 days. Check for an email from @TruckAndTools.Com.

Name

Email address

Select Category

Your message: *

Question: What is 6 + 5 ?: *

Captcha*

Enter Numbers:

Homeowners may find that lenders will use insurance, which was originally thought to be for rebuilding, to pay off their mortgage instead. It's not personal; it's a way for lenders to protect their money by controlling risk.

#436 published 1-21-2025 1 min. 28 seconds read, search group Mortgage.

FEMA may provide financial assistance for the repair of disaster-damaged real property components, including, but not limited to: For mobile homes, for Houseboats...

#437 published 12-3-2024 1 min. 40 seconds read, search group HRA.

FEMA inspected owner-occupied units are categorized by HUD into one of five categories. HUD may only accept Major to Severe in their CDBG-DR Grant program.

#438 published 12-1-2024 1 min. 14 seconds read, search group IHP.

FEMA: All applicants with disaster-caused mold damage may be eligible for the assistance when they meet all other conditions of eligibility.

#439 published 12-1-2024 1 min. 36 seconds read, search group HRA.

FEMA increased the maximum amount of Individual and Household Program (IHP) and Other Needs Assistance (ONA) Grants to $43,600.

#440 published 11-30-2024 1 min. 39 seconds read, search group IHP.

No inspection from FEMA? Registered and reported Minor Damage but able to live in my home? Only Remote Telephone Inspection? Home Repair Funds less than actual repairs?

#454 published 12-27-2022 updated 3-4-2023 1 min. 9 seconds read, search group Inspection.

If your manufactured home was damaged or developed unhealthy living conditions after a declared disaster due to the disaster can I receive a grant to replace my mobile home?

#443 published 1-23-2023 updated 3-4-2023 1 min. 26 seconds read, search group Manufactured Home.

Restore Louisiana Homeowner Assistance Program will provide assistance to homeowners who need to demolish and reconstruct their disaster damaged home.

#449 published 1-14-2023 26 seconds read, search group Damage.

How to use our Research Based Learning pages to better understand a subject, to collect the missing pieces of the puzzle, to start a research project or to close out your research project. Resources published here are parts or segments of..

#1 published 12-30-2018 updated 12-12-2020 1 min. 55 seconds read, search group HowToResearch.

INTERNSHIP OPPORTUNITY: NON-PAID OVERWORKED NONPARTISAN

#241 published 4-23-2020 1 min. 9 seconds read, search group PSA.