We just met with the boys from the Liro Group AKA the construction advisors. A little background, all repair work was completed except the installation of the kitchen cabinets. We were lucky enough to have enough flood insurance money to complete the work. Our house needs to be elevated. OK, here are the two big takeaways for us. #1 - They are not looking at receipts. The system is set up to make your grant award based on their estimates (AA + ECR) only. In our case this gives us a $5k grant to elevate the house because of the duplication of benefits. You can request a full review of your receipts but you may lose money from the grant because you get either the AA+ECR or your recipes. ALSO...They are using only the HUD values not the real world value on your receipts. Did I misread the latest handbook when it said Certain expenditures previously incurred by a homeowner are allowable costs and can offset assistance previously received. However, the Homeowner must provide documentation to support the expenditures. If receipts or documentation are not available the work may be verified through an inspection. I think this either need to be clarifies or it’s time to make noise on this because many of us are going to get screwed. #2 – The cost of elevation will be based on real world numbers to do the work. This seems like it might be good news but I’m not sure. They need a scope of work from your designer with costs for each line item. You won’t know if there is really enough grant money to do the work until you have committed to an architect to do the design. The team that worked with us said that the cost of my piles would be included in the grant to elevate the structure and things like fixing my buried electric conduit would come out of the “Extraordinary Site Conditions” money. This seems just plain wrong.
Posted on: Sat, 08 Feb 2014 20:37:17 +0000
Trending Topics
Recently Viewed Topics
© 2015