$4.2 Billion in Aid Heads to Louisiana
The federal government will pay $4.2 billion into a program to help Louisiana residents rebuild or sell houses severely damaged by Hurricanes Katrina and Rita, officials said Tuesday.
The Department of Housing and Urban Development also announced it would provide $1 billion for hurricane-related housing needs in Mississippi, Texas, Alabama and Florida, and called on those states to apply for the additional money.
“For the first time we can guarantee that we have all the funding we need,” Louisiana Gov. Kathleen Babineaux Blanco said. “We will bring back our communities.”
Louisiana’s $4.2 billion will be added to fully fund the state’s program for hurricane recovery.
The program is designed to provide residents up to $150,000 to rebuild or sell houses damaged by the storms.