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

Published 10-16-2019 search group SBALoans

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.

170 research topics

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.

Federal Disaster Assistance

When you are navigating the federal disaster assistance agencies your first stop should be to the TruckAndTools.Com Disaster Resources. Every disaster agency uses the same process but not every disaster agency follows strict policy and guidance. Don't go into your disaster recovery with blind trust of your federal and state agencies that are leading the push to get you sheltered and out of the program.

SBA Updates data processed from research between 11-2019 and 12-2019

#183 published 1-18-2020 3 min. 25 seconds read, search group SBALoans.

CDBG DR Award calculation letter determination on the eligibility of your grant.

#182 published 12-26-2019 2 min. 42 seconds read, search group GrantAwardLetter.

State of Louisiana Restore LA Program managed by the OCD-DRU says it will not pay interest on SBA loans.

#181 published 12-15-2019 2 min. 40 seconds read, search group HUDGuidance.

Understanding your SBA Phase and following the HUD disbursements of funds to pay off or pay down your SBA loan

#180 published 12-10-2019 3 min. 34 seconds read, search group SBA.

Contribute when you can.

For some households, the information I provide helps them get back in their homes. Others I've had a hand in helping them recovery from some of their disaster debt burden. In any case, when you use the information I provide and it's helpful and makes you more successful with your disaster rebuild or new construction then feel free to contribute what you can and when you can. It helps with the hours of unpaid research and reading.

Questions for Congressman Graves Live Facebook event 12-5-2019

#179 published 12-5-2019 4 min. 24 seconds read, search group Transparency.

170 research topics

Homeowners Disaster Recovery and Debt Reduction Assistance Handbook eBook and Website

By Murray Wennerlund 10-19-2023

Providing Guidance for Managing Financial Burden after a Disaster.

Restore Louisiana Homeowner Assistance Program Extends Application Deadline to Tuesday, Oct. 31

By Murray Wennerlund 10-11-2023

If you know someone who applied for HUD CDBG-DR Grants and was invited to complete the application process please send them a reminder, call them, tell them Ill help them complete the application if necessary. Dont let GRANT funds go to the state!

General Contractors and Residential Builders are missing out on $157.25 to $168.00 sqft builds!

By Murray Wennerlund 9-29-2023

General Contractors snubbed 2016 flood victims when asked to construction new homes at 108/sf. Today the same builders are not responding to 157.25 plus per sqft, why?