Fifty-nine homeowners closed on deals in the seven-day period ending Jan. 16 in the most productive week of the first four months of The Road Home program.
The Road Home had averaged just 7.5 closings per week in the first 15 weeks of the program.
The total paid to homeowners nearly doubled in one week from $5.45 million as of Jan. 9 to $9.4 million as of Tuesday.
Road Home officials report interviews have been held or scheduled with 66,016 eligible homeowners affected by hurricanes Katrina or Rita. An estimated 123,000 can apply for up to $150,000 in compensation to help rebuild or relocate. Through four months,
from New Orleans City Business
Posts
1 comment:
Hmmm, let's see, at a rate of 59 closings per week, 39,000 applicants, that means they'll wrap it up in a bit more than 12 years. Wow, that is progress!
Peace,
Tim
Post a Comment