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Louisiana Puts $100M More Into Fortified Roof Program
The new Restore ROOF initiative will redirect federal housing money and state funds to grants that can cover full roof replacement costs.
- On Monday, Louisiana Gov. Jeff Landry and Insurance Commissioner Tim Temple announced a $100 million investment in the Fortified Roof Program, including $20 million redirected from federal funds originally earmarked for affordable housing.
- The $20 million originates from the Piggyback Resilience Initiative Mixed-Income program, which previously supported affordable apartment construction in areas impacted by Hurricanes Laura, Delta, and Ida in 2020 and 2021.
- Homeowners see a median 22% reduction in premiums after installing fortified roofs, Landry said, noting the state's goal is to reduce financial barriers for families seeking to fortify homes.
- Disagreeing with the governor's assessment, Andreanecia Morris, executive director for HousingNOLA, stated that the need for affordable housing remains immense and no current program is meeting that demand.
- State officials are now seeking federal government approval to finalize the reallocation, with a public comment period on the change remaining open until October 19.
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Louisiana puts another $20M toward fortified roofs
Louisiana is redirecting $20 million in federal disaster recovery funds into a new fortified roof initiative, state officials announced Monday. The redirection brings the state’s total investment in… Already an INSIDER? Sign in. Already an INSIDER? Sign in
Louisiana invests $100 million total to fortified roof program as insurance rates stabilize, officials say
Louisiana officials say they are bringing a combined $100 million investment for the state’s fortified roof program, as leaders point to signs of stabilization in the property insurance market.
·Baton Rouge, United States
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Total News Sources17
Leaning Left1Leaning Right2Center11Last UpdatedBias Distribution79% Center
Bias Distribution
- 79% of the sources are Center
79% Center
C 79%
14%
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