FAQ#: 193 published 1-24-2020
State of Louisiana Office of Community Development (HUD) - Disaster Recovery Unit publishes IEM Inc. report update for homeowners in SBA repayment Phase I. (11-13-2019)
Phase I addresses 1,168 homeowners in HUD Guidance June 2019 that declined or canceled their SBA loan without drawing funds. (Public Law: 115-254)
IEM Project Manager Leacy Rowe Aycock reported to state of Louisiana OCD-DRU directors and management that all but one (1) applicant has been paid under the Phase 1 part of the program detailed in APA 12.
Leacy Aycok confirmed all Phase I payments are complete during a scheduled management meeting 11-13-2019.
If you are a Phase I SBA person and have not received a check for your grant award reimbursements and/or repairs by today's date please email IEM project management.
TO: Ted.Lemcke@Restore-la.org
TO: Leacy.Aycock@Restore-la.org
CC: legal@iem.com
SUBJECT: Acct #123456 Phase I applicant SBA repayment status.
I am a Phase I applicant that has a positive grant award and have not received grant disbursements.
I understand that all Phase I applicants have been processed as described in the Restore Task Force Action Plan Amendment 12 page 16 and 17.
Please update me to when I can accept HUD Grant funds.
Thank you,
[NAME}
{ACCOUNT NUMBER]
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.
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