~ Tim's ~ Nameless ~ Blog ~

Monday, February 20, 2006

By the numbers

Homes destroyed by Katrina and Rita: about 200,000

Federal money already dedicated to Community Development Block Grants (CDBG): $6.2 billion

Additional pledge in CDBG money last week: $4.2 billion

Total CDBG funding, pending Congressional approval: $10.8 billion

Some simple math: $10.8 billion divided by 200,000 homes

Answer: $54,000 per household

Governor Blanco's proposed cap per homeowner: $150,000

Reduction in assistance to those who lived inside a floodplain but did not buy insurance: 30%

Reduction in assistance to those who choose to leave Louisiana: 40%

Occupancy requirement after repair, restoration or relocation of home: 5 years

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