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re: Have you completed the Restore LA Flood Survey?
Posted on 4/11/17 at 2:41 pm to ell_13
Posted on 4/11/17 at 2:41 pm to ell_13
quote:
LMI and AMI?
And then I get 25% of work completed? I think I remember you saying you didn't use a contractor. Neither did I. We did much of the work ourselves. I have every receipt of course.
LMI means low to moderate income, which means your household pulls in less than 80% of AMI (Area Median Income). Baton Rouge AMI for a family of four is $64,900, which means my wife and I would have to make less than $52K gross income to be considered LMI.
The reimbursement is going to be a little messy for later Phase applicants, and I'm not totally sure it's been worked out completely (like, how are they really going to verify expenditures efficiently for those who went the DIY route? Not everything on every Lowe's/HD/Walmart/Amazon/etc. receipt is 100% construction-related). That's even assuming there are funds left by the time they get to non-poors at the tail end of the phases.
It sucks that Phases I and II are entirely income-based. As for 25%, that's 25% reimbursement of "eligible repairs," so you'll need to have a shitload of documentation/receipts--and again, I don't remember what HUD's requirements are that dictate whether you'll have a staff of case managers going down every line item on every receipt you give them, striking out the gatorade and gum purchases, or determining if a new switch/bulb/fixture of some sort is an upgrade or a replacement, which would mean marking some percentage of that purchase eligible, only to give you 25% reimbursement of a percentage of the cost of an item.
At least the remaining repairs you have will be reimbursed 50-100% depending on your income. But they may force you to use a contractor for prospective construction, which will suck if your income is over 120% AMI.
Me, I'm in Phase VI. I mean, I guess I could technically say I'm phase III because I still have to put some trim around the backdoor exterior, and I'm working on some personal projects outside that weren't entirely caused by the flood (I have a rotting deck that I'm turning into a patio. It was already in bad shape and the flood pretty much did it in, although I was planning to demo it pre-flood).
Phase VI reimbursements may not even happen. They aren't even authorized by the State yet.
The State needs to hurry the hell up and award the program management contract. To the right bidder.
This post was edited on 4/11/17 at 3:37 pm
Posted on 4/11/17 at 2:58 pm to ell_13
quote:
We did not have flood insurance. I used my savings. Hit the ground running. We had drywall and insulation before we could even get back to the house. I had flooring and tape and float scheduled as well. Gutted, cleaned, mold treatment, sheetrock, paint, electrical, etc done myself with the help of friends an family. 4 feet of water meant 8 feet to pull out and replace. Moved back in on November first after living in my FIL's camper in the driver. He worked on the house every morning; I worked on it every evening. I decilined LA Shelter at Home. I declined a FEMA trailer. I didn't need those things. I do have a lot of loans to pay off though. If I can get help for that I'm going to take it.
We have insurance now. Have to.
Did you manage to get an FEMA emergency funds in the beginning? That saved my arse big time. I declined Shelter at Home and a trailer too. Our stories are nearly identical.
My parents own a condo in Denham (they live in Florida). It was vacant at the time of the flood, so we lived in it for 3 months. I got FEMA rental assistance to give to my dad, but he let me keep it -- a good 5 grand, plus the FEMA assistance money. The money was a huge help for repairs and replacement furniture (mostly wayfair assemble-yourself pieces). We only had 10 inches of water, so our property losses weren't as catastrophic (saved my precious PC).
My dad and I hit the ground running as well. He worked on the house every day even when I couldn't be there. We were back in our house in November, too. But we didn't have nearly as much drywall to rip out.
And look at what we get now for being hardworking, proactive, and responsible...
Posted on 1/19/18 at 11:20 am to goLSUtigers
What a horrible Ad for Millennium...
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