$1.2B in Louisiana flood recovery spending plans approved
BATON ROUGE - The U.S. Department of Housing and Urban Development has approved Louisiana's plan to spend $1.2 billion for flood recovery.
The approval is part of the state's final action plan. HUD previously approved an original action plan in April for an initial $438 million appropriation from Congress.
The funds have not been disbursed to the state, according to HUD, saying the money will not be immediately available. First, HUD must enter into a grant agreement with the state and establish a line of credit for use of the funds.
"This is a significant milestone in our flood recovery," Governor John Bel Edwards said. "While the process takes too long, this approval means that we are one step closer to actually having the funds available that Congress appropriated to the state last year."
In a release, Governor Edwards noted that he is still working to secure an additional $2 billion from Congress "for a full recovery."
The Restore Louisiana Homeowner Assistance Program will begin in early April. It will consist of an initial survey and the application.
The survey will determine when a homeowner can apply for assistance. This is a separate process from FEMA registrations. More information can be found here.
A spokesperson from Governor Edwards' office will appear on 2une In on Monday, April 3rd at 6:45 a.m. to discuss the federal government's approval of the flood relief funds.
Read the approval of the second Action Plan Amendment from HUD here.
Read the approval of the initial action plan here.