Our scheduled closing date for our (taxable) Road Home grant was cancelled and rescheduled twice by the Road Home folks during the past six months and prior to our most recent closing date of December 10.
We then rescheduled our December 10 Road home grant closing date in order to speak to the SBA about the necessities involved in paying taxes on our (taxable) Road Home grant. We were then given December 17 as a new closing date for closing on our (taxable) Road Home grant.
Subsequently, that date was cancelled by the Road Home folks and rescheduled for December 20 at 1 pm.
And then, subsequently after that, we cancelled that date and rescheduled for December 20 at 9 am.
In between one or more of these, the Road Home folks called and tried to cancel our closing date because of some reason I didn't listen to fully because I was saying no, please don't do that.
So, I'm counting three actual (and one attempted but failed) cancellations by the Road Home folks and two cancellations by us. They are still ahead.
Our grant -- based on the value of our flooded and now demolished home minus our insurance proceedings -- is supposed to be about $130K, of which probably one-third will go back to the folks who are giving it to us as taxes, since we not really receiving a Road Home grant so much as a (taxable) Road Home grant. And, since the full amount of our (taxable) Road Home grant will immediately be sucked up by the SBA and forceably applied toward paying off the SBA loan we got in order to be able to buy a new house less likely to be flooded and then demolished, the taxable portion of our (taxable) Road Home grant will then come out of the same place our twenty-years worth of insurance premiums came out of: our pocketbooks.
And, oh yeah, we have to stay in Louisiana for three years after the date of the closing of our (taxable) Road Home grant (not the date of the storm, which was two years ago); if we do not stay in Louisiana for this period, then we owe the Road Home folks about $80K.
So, I'm figuring that if we pay taxes on our (taxable) Road Home grant and then move out of the state prior to the expiration of the three-year residency requirement, then we will have been required to pay all of our Road Home grant back to the folks who gave it to us.
I have no further commment at this time.
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