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Road Home short by $2.9 billion, ICF says
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| Contributor | kal |
| Last Edited | kal May 11, 2007 04:54am |
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| Category | News |
| News Date | Friday, May 11, 2007 10:00:00 AM UTC0:0 |
| Description | A review by Road Home contractor ICF International has found that the homeowner aid program is $2.9 billion short of serving all eligible applicants.
And the budget shortfall exceeds $4 billion if the state can't come to an agreement with federal officials over the use of about $1.1 billion in Federal Emergency Management Agency hazard mitigation funding for purchasing damaged homes to turn the properties into green space, ICF determined.
Fears over the shortfall not only raised questions about how much money will be left for the Road Home's 115,000 unserved applicants, but they prevented the Louisiana Recovery Authority from kick-starting the state's long-range recovery plan at its board meeting Thursday. LRA member Sean Reilly said Thursday the LRA could have given $70 million to begin financing a passenger rail line from New Orleans to Baton Rouge, a key proposal of the Louisiana Speaks regional plan, but it needed to sort out the Road Home shortfall first.
Donald Powell, chairman of President Bush's Gulf Coast Rebuilding Office, met Wednesday with Gov. Kathleen Blanco to discuss the gaping hole in Road Home financing. Powell's office has indicated it would consider helping Louisiana get more money if it could document a clear need and a reason the $10.4 billion it got last year wasn't sufficient.
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