Hurricane Ida hit Louisiana as a category 4 hurricane near the end of August, bringing destruction to the area. In total there have been 115 fatalities, and an estimated $65.25 billion in damages, making Ida the 6th costliest hurricane on record. Now, they are still in the recovery process. In this article, we’ll go over the state of Louisiana, and what the situation is now.
Ida had caused many families to lose their homes, a situation which prompted Orleans to give a 5% residential tax cut across all residential properties. Because of that however, the city’s 2022 budget is expecting to take a multi-million dollar hit, on top of the lost $8.6 million in revenue for 2021 because of the storm.
Government organizations such as the Federal Emergency Management Agency (FEMA) is expected to reimburse any spendings of damage recovery, however they will not be reimbursing any lost revenue. FEMA is also offering temporary shelter for those stranded because of the storm, however these have filled incredibly fast, leaving many unable to find a place to stay. With FEMA, the US Small Business Administration (SBA) is offering more individual coverage in the form of funds and loans towards individual businesses and homes.
We hope you found this information helpful in understanding Louisiana’s situation. At AJS, we understand that hurricane season can be a stressful time, and we are committed to helping you and your properties. For lifting, construction, or moving, give us a call today to schedule a free consultation!
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