Road Home
From Wikipedia, the free encyclopedia
Road Home is a program funded by the U.S. government which has provided federal grant money to help Louisiana residents rebuild or sell houses severely damaged by Hurricanes Katrina and Rita. This federally funded program is administered by the State of Louisiana.
According to the Road Home website,[1] as of December 2017, the program had disbursed a total of $9.022 billion in awards to 130,052 individual homeowners in the area, with grants averaging $69,379 each. These are cash grants, not low interest loans, and are received income tax free. They are on top of insurance awards, private or federal, which may have already been received.
Additionally, the program has been extended to provide cash grants to facilitate the elevation of homes in flood prone areas. According to the Road Home web site, "32,389 applicants have received elevation disbursements totaling $942,865,530".[1]
The Road Home Program's local office officially closed in March 2018, however, the program's official website has continued to post Situation and Pipeline reports[2] into July 2021. In addition, the Small Rental Property Program page was updated approximately two months after the Road Home office closure.