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January 26, 2006
H.R. 4100: Louisiana Recovery Corporation Act
This legislation sounds like it might help get real estate markets working.
This piece of legislation was spawned by Hurricane Katrina and given a boost by Hurricane Rita. It mainly creates a new federal bureau to purchase flood-ruined properties from their flood-insurance-free owners, package the properties, and resell the properties to developers.
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Posted on January 26, 2006 05:42 AM by hurric584.
Filed in Hurricane! under hurricane rita.
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