Saturday, November 05, 2005

Katrina Update: FEMA speeds hurricane relief

Property owners and renters to receive as much as $26,200

The Federal Emergency Management Agency (FEMA) has begun notifying 60,000 renters and property owners in nine Louisiana and Mississippi parishes and counties that they will immediately receive as much as $26,200. That's the most Congress has authorized for individual households battered by Katrina. The Washington Post has details.

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7 comments:

Jaimie said...

I'm not quite sure what the property value is in that area, but that actually doesn't sound that bad for a renter. For a home owner, it's not enough. At least they are doing something!

Jaimie said...

Is the date off on The Light Within blog? It's dated May, March, etc. Just wondering. I'm going to link you on my list of other's thoughts on my blog.

Dr. Deborah Serani said...

Not enough!!! Not enough!!!~Deb

DCS said...

Jaimie and Dr. Deb: I agree!

James Manning said...

I'm wondering what they are doing for homeowners when it comes to their mortgages? Are they encouraging the banks to defer some payments. Heck, 26g's might just cover the backpayments.

Rell said...

is that good?

Deb S. said...

James, a lot of people would say you are right.

Rell, only you can determine for yourself if you think $26,200 is enough compensation for home owners and renters. If you exclude the federal government, I think most people would tell you that the amount is not nearly enough for Katrina victims trying to start their lives over again. This is especially true for those people whose homes were paid for.

One of the things people are watching is the redevelopment of New Orleans. There is great concern that people who were displaced by the hurricanes will not be able to return once new housing is built. Why? Because New Orleans natives will not be able to afford the new homes. Stay tuned.