Posted on 12/05/2005 10:54:35 AM PST by NativeNewYorker
WASHINGTON, Dec. 5 (UPI) -- Federal officials have set aside $200 million to help homeowners whose residences were damaged by recent hurricanes.
The Department of Housing and Urban Development said Monday it will make mortgage payments for up to one year for disaster victims with mortgages insured by the Federal Housing Administration who want to move back home.
To be eligible for this mortgage assistance, families must have homes that are "repairable" within an "adequate" time and in a presidentially declared disaster area designated for individual assistance.
Potential aid recipients must have funds from insurance proceeds, loans or personal resources to complete the repairs and are currently employed or are very likely to return to work within a short period of time.
FHA-insured families in disaster areas whose houses are not damaged, but have lost their source of income as a result of the hurricanes, will also be eligible for this mortgage relief. These borrowers must be able to demonstrate that their primary source of employment was located in an area designated for individual assistance, that they suffered a reduction in income that makes them unable to pay their mortgage and that they are likely to be reemployed within a reasonable period of time.
Something for you to think about next time you look at your pay stub.
Your federal tax dollars at work. Oh, well, we don't have to worry much, most of N.O.'s population did not own homes, they lived in the local county and state areas called "projects" where they paid little rent.
VOTES scooter2, VOTES!!!!
is there anything else we can possibly give them? free tuition? free electricity? free booze?
i don't beleive that any other natural disaster victims have ever been so lavished by the government as these folks. it's like the government is becomming the insurance company of last resort, and keeps throwing our money at these folks like there's no tomorrow.
ohhhhh this makes a lot of sense...
they're going to pay people to move into a drained out cess pool so that next hurricane season we can do this whole foolish exercise all over again after some terrorist blows up a levee and floods N'awlins all over again...
gezzzzzzzz...ya wonder sometimes who the heck is making these decisions...Larry, Moe & Curley?
Because it's not their money - it's ours.
We're going to see new, imaginative definitions of "reasonable time" as a result of this new siphon of public funds. This appropriation will make Boston's "Big Dig" seem like a minor ripoff and elevate crookedness to a new level.
Because it makes the people who run our nanny government feel good.
The FHA's plan could cost as much as $200 million if all the estimated 20,000 eligible homeowners apply, federal officials say. But none of that total would be taxpayer funds. The money would come from FHA insurance reserves funded by premiums paid by borrowers who have FHA-insured mortgages, the officials say.
It's either this plan, or the FHA owns the houses in a depressed real estate market.
Fwiw, I posted the entire story that was available at the time. I'm glad you can add to it.
The next sound we hear will be the orchestrated chorus:
D I S C R I M I N A T I O N Counting down 5 - 4 - 3 -
The rate of home ownership in the Lower 9th Ward is about 58% ... one of the highest rates of home ownership in the city.
While a large segment of the population does in fact, inhabit the "projects" ... or, as one of them was called "The Bricks" ... the home ownership rate in the devastated Lower 9th Ward is about 58% ... one of the highest rates of home ownership in the city.
Already being done ... it was costing [including bar tabs and happy hours] FEMA $11 million a day to house these folks in hotels. It is now down to about $3 million a day.
Posted a few days ago was a thread stating that lawyers are lined up to sue the government to continue the hotel housing indefinitely.
Your tax dollars at work.
WDL, you and I both know that it would not be nice at all ... the example they set for their children insures that the next generation will also be laying in bed all day saying gimmee, gimmee, gimmee ... It is a vicious cycle that needs to be broken. Many [not all] of them make it very difficult to feel generous.
A wise person I once knew told me that the government took so much money from him to give for "charitable" purposes that he no longer felt it necessary to give more.
caryatid,
---Yeah I was being sarcastic. The whole situation is getting sickening by the day. Hell no I couldn't lay around in bed all day. Who the hell is going to support them if we all did that? Sometimes I get so mad at my husband for dieing and leaving me to deal with the BS in the world today and then I stop and think " Now that's selfish" so I will plunder on working my ass off so that they can have nice things because everdently they are all that matters anyway.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.