Louisiana Recovery Authority CLOSEPRINT

The Road Home

The Road Home Program helps Louisiana residents affected by hurricanes Katrina or Rita get back into their homes as quickly and fairly as possible. This groundbreaking effort represents the largest housing recovery program in U.S. history.

Eligible homeowners may receive up to $150,000 in compensation for their losses. Homeowners have three compensation options:

  1. Stay in your home
  2. Purchase another home in Louisiana
  3. Sell your home and choose not to remain a homeowner.

The Sold Homes component has received federal approval and could bring as many as 800 more families into the Road Home program. After the storms, many homeowners had to make tough personal choices, sometimes selling a home at an extreme loss. In light of this, the Road Home timeframe has been extended to August 29, 2007, meaning that applicants who sold their homes up to that time without receiving aid from the program now are eligible. Applicants still must have applied to the program prior to July 31, 2007 and completed their first appointment by December 15, 2007. Regulations attached by Congress to the use of the final allocation of Road Home funds do not allow for any new Road Home applications to be taken.



www.louisianarecoveryauthority.org