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03-13-2008, 08:10 PM #1
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Homeowners still waiting for Katrina checks
Homeowners still waiting for Katrina checks
Meanwhile, company assigned to distribute money reaping profits
updated 1 hour, 33 minutes ago
NEW ORLEANS - Two-and-a-half years after Hurricane Katrina, tens of thousands of miserable homeowners are still waiting for their government rebuilding checks, and many complain they can’t even get their calls returned. But the company that holds the big contract to distribute the aid is doing quite well for itself.
ICF International of Fairfax, Va., has posted strong profits, gone public, landed additional multimillion-dollar government contracts, and, it was learned this week, secured a potentially big raise recently from the state of Louisiana.
In the waning days of Gov. Kathleen Blanco’s administration, state officials increased the management contract ceiling from $756 million to $914 million — this, after the Legislature wanted to fire ICF over its handling of the homeowner recovery program, called Road Home.
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