Road Home Small Rental Property Program Extends Round 2 Applications Deadline to July 31, 2007

The Road Home Small Rental Property program is extending the application period for Round Two to July 31, 2007, in an effort to supply rental property owners more time to complete their applications and allow more applicants to apply to the program.

Applicants are encouraged to take advantage of opportunities through The Road Home’s Outreach Workshops and Application Training Sessions. The Application Training Sessions are held twice daily and offer step-by-step instructions on how to complete an online application. They are offered Monday through Friday 9:00 a.m. and 1:00 p.m. at Orleans and Jefferson Housing Assistance Centers. These workshops are free, however, participants must contact The Road Home’s Call Center at 1.888.ROAD.2.LA (1.888.762.3252) to reserve a seat.

The round extension will also provide those Round One conditional award recipients who have been unable to provide the required information to support their application – and are in jeopardy of losing their award – with a chance to re-apply and get funding in Round Two. All Round One conditional awardees must have their completed packages returned to the program by July 31, 2007 or their award will be rescinded.

Any funds that are recaptured from Round One conditional award winners who do not submit their required documentation by the July 31st deadline will be added to the Round Two allocation and redistributed to the application pool.

With this extension, the program is also being opened to additional applicants who may apply for financial incentives. Many owners of town homes and condominiums may now apply for Round 2 funds. It is important to note that these owners must still meet eligibility criteria of “small,” one- to four-unit buildings. As with other buildings in the Program, the units must have received severe or major damage from one of the storms and they must have been rental units prior to the storm.

Round Two of the program began on June 5, 2007 and offers up to $300 million in funding. The round will remain open and accepting applications until July 31, 2007. To learn about Outreach Workshops and schedule an appointment for an Application Training Session or for more information on Round Two, visit www.road2la.org/rental.

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