Katrina Aid Program Is $2.9 Billion Short
The Washington Post is reporting that the huge, federally funded program created to help rebuild Louisiana homes is short close to $3 billion. Currently "only 16,000 of 130,000 applicants have received money." The Post takes it from there:
The report represented the latest crisis for the aid effort initially created to distribute $6.9 billion in federal money to the owners of homes destroyed or damaged by Hurricane Katrina who lacked enough insurance money to rebuild.
More than 20 months after the Katrina catastrophe, tens of thousands of houses remain vacant, in part because of administrative delays in the aid program, the largest single source of direct federal help for homeowners. To date, only 16,000 of 130,000 applicants have received money.
I really wish I could get a copy of this report, but can’t seem to locate anything, even a single mention of it on Gov. Kathleen Blanco’s site. It just blows my mind that a $7 billion program can be $3 billion short. Where did the money go?
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