SLIDE 1
Restore Louisiana Task Force March 17, 2017
SLIDE 2 Agenda
Timelines
- Restore LA Homeowner Assistance Program
Implementation Timeline
- Action Plan and APA 1
- Restore LA Homeowner Assistance Program RFPs
- Restore LA Small Business NOFA and Program
Implementation
- Restore LA Small Business Technical Assistance
Program
SLIDE 3
Homeowner Program Implementation
SLIDE 4
OCD-DRU Timeline: $437,800,000
SLIDE 5
OCD-DRU APA 1 Timeline: $1,219,172,000
SLIDE 6
Homeowner Program Manager RFP
SLIDE 7
Homeowner QA/QC RFP
SLIDE 8
Restore LA Small Business Program NOFA
SLIDE 9
Restore Louisiana Small Business Program
SLIDE 10 Restore Louisiana Small Business Program
- Lender Eligibility Criteria:
- Non-Profits
- Community Development Finance Institutions
- Credit Unions
- Track record and/or capacity to provide loans to
small businesses
- Has established offices in Louisiana
- Additional Information on Program NOFA and
Program Guidelines: http://www.doa.la.gov/Pages/ocd- dru/GF_EcoDev_Programs.aspx
SLIDE 11 Restore Louisiana Small Business Program
- Small Business Program Eligibility Criteria:
- Small Businesses and Non-Profit Organizations
- 1-50 Full Time Employees
- Minimum $25,000 annual gross revenues (pre-flood)
- Was operating at the time of the flood event
- Has an eligible unmet need, after accounting for
DOB
- Experienced either a financial or physical loss as a
result of one of the 2016 flood events
- Phase I: Essential Services: gas stations, locally
- wned restaurants, daycares, healthcare providers,
grocery stores, etc.
SLIDE 12 Restore Louisiana Small Business Program
- Eligible Uses of Funds:
- Working Capital (rent/mortgage, utilities, non-
- wner employee wages, inventory)
- Movable Equipment
- Construction-related expenses are NOT eligible
- Award Structure:
- Up to $50,000 loan for eligible unmet needs
- 80% repayable; 20% forgivable
- 0% Interest
- Up to 5 years repayment term
SLIDE 13
Restore Louisiana Small Business Technical Assistance
SLIDE 14 Restore Louisiana Small Business TA
- Implemented by regional Small Business
Development Centers
- Will provide Technical Assistance small
businesses:
- Business Recovery and Continuity Plans
- Financial Projecting and Planning
- Disaster Preparedness Planning
- The Small Business Loan Program will refer
businesses to Small Business Development Centers for Technical Assistance
SLIDE 15 Louisiana Farm Recovery Grant Program
- Implemented by Louisiana Department of
Agriculture and Forestry
- Provides grants to approved farmers who
experienced 2016 crop or livestock losses
