According to Gentry Brann, spokeswoman for the contractor running the New Orleans Road Home program, nearly 2700 people should have received their rebuilding grants by the of today. OK, granted, this number is very small when compared with the nearly 110,000 applicants. But it is finally a good start. According to David Hammer of the Times Picayune, only 45 people received their grants in November, 44 in December, and 390 in January. The reason I say that it is a good start is because ICF, the contractor running the New Orleans Road Home program, said that 510 applicants closed on Monday and 889 more were scheduled to close yesterday and today.
Obviously, this progress should have been seen much, much sooner, but at least we are finally seeing progress. Hopefully we will begin to see the fruits of the New Orleans Road Home money; New home renovations popping up, more money flowing through the New Orleans area, and maybe contagious optimism that the city so desperately needs.
Governor Blanco expects 7,000 grants to be given out in the month of March. Let’s hope that we will begin seeing positive affects from the $7.5 billion program!
As a side note, another grant program shelled out some cash this week. The Historic Building Recovery Grant program awarded 283 people cash awards from $5,000 to $45,000. Once again, there are certainly flaws with this specific program, but at least the money is flowing. So many people need so much help in New Orleans. It is a simple formula really, give the allocated money to the people and help them get back on their feet. Much easier said than done, but, as I said before, the money is finally flowing!
You may also be interested in: New Orleans Real Estate - The Definitive Blog
Darryl Glade - RE/MAX 100% Club Member - www.DarrylGlade.com