SBA Repayment Reports published by phase for the State of Louisiana.

FAQ#: 192 published 1-24-2020

Shared information from the state of Louisiana Office of Community Development - Disaster Recovery Unit and the Department of Administration regarding the processing of US Treasury disbursements of HUD funds used to repay SBA loans.

To understand the graphs and states language you must understand what phase you are in.
The state identified 3 phases in APA 12 that was not completely approved by HUD. The state since Oct. 10, 2019 has refused to publish an updated APA 12 that would show only approved items. Until the state opens it's management meetings to the public and allows transparency in government our reports will be 30 to 90 days delayed by state bureaucracy.
Current HUD Approved Phases

  1. Phase I (Declined Canceled all income groups)
  2. Phase II (Declined in part all income groups)
  3. Phase III Below 120% AMI

The processing is to be by income but you will find that phases that are not income dependent are not processed in the order of income but in order of project completion date.

Additionally you should know which laws provided you access the HUD CDBG-DR funds. Phases 1 and 2 are supported by Public Law 115-123 signed into law Feb. 9, 2018 by President Trump. Phase III follows Public Law 115-254 signed into law Oct. 5, 2018 and often referred to as the DRRA which is confusing at times. This law covers the "Stafford Act Amendment" under section 1210. This is making a SBA loan not a publication of benefits and eligible for repayment under HUD Guidance June 20, 2019.

Repayments apply only to qualified structural repairs. You should review REIMB_ECR and ECR's to find out what is qualified for repayment under your phase III (3) processing.

 

Comment | Suggestion | Feedback

Secured Federal USDA Single Family Housing Repair Loans up to $40,000 for 20 years at 1 percent interest and Grants of up to $10,000.

FAQ#: 453 published 4-19-2022 1 min. 50 seconds read

Read


How to help homeowners with their construction projects without requiring a license in Louisiana ยง309. Construction Management [Formerly ยง119]

FAQ#: 456 published 4-19-2022 3 min. 35 seconds read

Read


What does disaster Unmet needs mean?

FAQ#: 457 published 4-18-2022 1 min. 25 seconds read

Read


SBA Reconsideration Loan: My home was hit by Hurricane Sally I am in need of an SBA loan to repair my home. Please reconsider my denied application.

FAQ#: 459 published 4-18-2022 2 min. 44 seconds read

Read


How to calculate your Wind, Snow, Tornado and Seismic risk assessment and apply that information to better home building.

FAQ#: 458 published 3-5-2022 2 min. 31 seconds read

Read


How do I know if my mortgage is federally backed or federally secured? COVID-19 Housing Assistance Program Appeals Process.

FAQ#: 460 published 1-13-2022 2 min. 50 seconds read

Read


Reconsideration of Declined Loan Applications SBA Economic Injury Disaster Loan (EIDL)

FAQ#: 235 published 4-23-2020 updated 1-4-2022 4 min. 48 seconds read

Read


Reconsideration of Declined EIDL add Personal Financial Statement Disaster Programs SBA Form 413D (03-18) to your document list.

FAQ#: 403 published 8-6-2020 updated 12-31-2021 1 min. 54 seconds read

Read


FEMA Resource for Substantially damaged homes

FAQ#: 384 published 4-25-2021 updated 12-31-2021 1 min. 27 seconds read

Read


Insurance company issued a two-party check for hurricane damage repairs but my mortgage handler is holding the money from me. Why are they doing this?

FAQ#: 455 published 12-30-2021 3 min. 44 seconds read

Read