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Hurricane Ike Flood Grant Announced for Calcasieu Parish

By
Real Estate Agent with Marilyn Boudreaux, Century 21 Bono Realty 0912122870 LA

Flood Insurance is at risk and could be set to expire September 30th!

Calcasieu Parish has its share of flood zone issues in the past.  It doesn't help matters that the new FEMA maps re-zoned certain areas of Calcasieu Parish.   Flood Insurance is at risk with the National Flood Insurance Program set to expire September 30th.

We here in Calcasieu Parish are all too familiar with flooding from storms.  This week it was announced that there is a new program aimed at re-imbursing residents affected by Hurricane Ike

If your home took on water during the Hurricane  Ike you could be eligible for up to $18,000 for damages that weren't covered by insurance.

A $2,500,000 from a Community Development Block Grant has been re-allocated to help Lake Charles residents impacted by Ike flooding.  There are two reimbursement programs, one for homes that were covered by flood insurance and the other is for homeowners whose homes were not covered.

The first program is for who were not covered by federal flood insurance.   Residents who were not covered could qualify for up to $18,000 if  the Lake Charles Homeowner is still living in the home the homeowners must own and occupy the home in Lake Charles after receiving grant money for 3 years.( Up to  $9,000 if they did not return to their flooded home but still live in Lake Charles.)

The second program is for  Lake Charles homeowners who were covered by insurance - the grant reward fills gaps in insurance or to reimburse their deductible.  Residents can receive up to $18,000 and residents must commit to own and occupy the Lake Charles home for 1 year.  The applicant must be up to date on property taxes and if they currently live in a flood zone, have proof of flood insurance.

Be on the alert we could have a shutdown with Flood Insurance the end of the month.  This is important to stay on top of especially with the recent flooding that occurred with Hurricane Irene in the Northeast and other areas across the country.

NATIONAL FLOOD INSURANCE PROGRAM EXPIRATION IS SEPTEMBER 30, 2011!

With the National Flood Insurance Program's September 30th expiration looming in our very immediate future, it is important to take action NOW!

 
Please click here to send a personalized letter to your Congressmen urging them not to allow the NFIP expire.

It is important to note that the week of Monday, September 26th through Friday, September 30th Congress is scheduled to be out .  Therefore,  IT IS IMPERATIVE THAT YOU ACT NOW!

 For your information, FEMA has issued a bulletin in anticipation of the September 30th NFIP expiration -  please refer to the NFIP Bulletin dated September 15, 2011 for additional information.

If you are considering making a purchase after September 30th and your home requires flood insurance, this could be an issue with closing.  Be sure to check with your insurance agent and your loan officer if you are purchasing a home in a  mapped flood zone area.

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4410 Nelson Road, Lake Charles, LA, 70605 USA

337-478-1578 or 337-499-9592

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Comments (5)

Cal Yoder
Keller Williams Elite - Lititz, PA
Homes For Sale in Lancaster PA - 717.413.0744

Marilyn, really good information and flood insurance is on my mind with the flooding we have had here in Lancaster. So many people have been affected and too many were not covered by flood insurance.

Cal

Sep 22, 2011 10:46 PM
Doug Rogers
RE/MAX Coastal Properties - Destin, FL
Your Real Estate Resource!

Gotta love politicians that screw around with something so important. Let's hope they get their act together, or we should throw the whole group on their backside!

Sep 23, 2011 05:07 AM
Not a real person
San Diego, CA

Wasn't Hurricane Ike a couple of years ago, or do I have my years and hurricanes mixed up?

Happy Friday!

Sep 23, 2011 05:33 AM
Marilyn Boudreaux
Marilyn Boudreaux, Century 21 Bono Realty - Lake Charles, LA
Lake Charles LA Century 21 Realtor

Yes Russel, Hurricane Ike was in September 2008, Hurricane Rita was September 2005.... September is the scary month for us here in Louisiana!

Sep 23, 2011 05:39 AM
Juli Vosmik
Dominion Fine Properties - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739

Another problem with the flood insurance expiring (once again) is that homes which are preparing to close will not be able to - the lenders will halt the process until there is flood insurance AGAIN.  Why must we wait until the last minute on so many issues? 

Sep 23, 2011 05:44 AM