It is Louisiana's first comprehensive housing proposal since Hurricane Katrina devastated the Gulf Coast in August, followed a month later by Hurricane Rita.
"In the not-too-distant future, I predict the sounds of hammers and saws will be ringing through all of our communities as our homes are rebuilt," Blanco said.
Assistance would be capped at a maximum $150,000 per homeowner under the proposal. But direct relief is still months away, and homeowners receiving the aid could be taking on more debt to rebuild. [Read more - CNN]
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