Does the Restore Louisiana OCD-DRU HUD Grant program offer a Scheduled Draw payment?

FAQ#: 451 published 5-14-2022

No scheduled draw of grant funds awarded to any homeowner. Grant funds once awarded make the homeowner eligible for reimbursement payments.

Reimbursements are calculated by what the Restore Louisiana Homeowners program determines during one of their 4 scheduled inspections to how much work has been completed. If you do not use the Xactimate economy costs for labor and material provided by the state you may find yourself overbudget and paying out of pocket to complete enough work to qualify for a reimbursement payment.

DO NOT expect SBA Loans to be paid off by HUD Grants for Hurricane IDA or any disaster after December 31, 2021. 

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