[HannagansBride]

Something for you to think about next time you look at your pay stub.

[scooter2]

Why, in God's name, is the federal government paying people to move back into flood-prone area where they should not have been living in the first place.

[RetiredArmy]

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.

[camle]

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.

[kellynla]

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?

[caisson71]

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.

[i_dont_chat]

Note these sentences:

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.

Not to worry. Not many residents will meet this criteria.

[sinkspur]

This anonymous email leaves out one very important fact, noted in a news story from another thread:

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.