Ouch!! Massive layoff with a Road Home contractor this morning

By
Real Estate Agent with John Anthony Realty

So the people who were hired by a subcontractor to help small investors get some of the Road Home money to help them rebuild small, under 4 unit rental places were all laid off this morning. 

So now, all those people who had some what of a relationship with the folks working on getting these applicants Federal grant money from Washington are gone.

What is VERY interesting is out of this same pot of money, the Fairmont hotel got $105 million dollars!!! 

So to summarize, 1000's of little people get nothing, while a large developer downtown New Orleans gets $105 milllion cash money, then over $50 million in Go-ZoNE tax credits, and then there are the historical credits, and so on.

Houston, I think we have a problem.

 

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