Corporation will be set up to deal with hurricane properties

Lawmakers have agreed on how to deal with the scores of hurricane damaged properties expected to be bought by the state through the Louisiana Recovery Authority's housing program. Under a bill by Sen. Lydia Jackson, D-Shreveport, which was sent to Gov. Kathleen Blanco on Sunday, a nonprofit corporation will be set up under the Louisiana Housing Finance Agency to receive the property and decide what to do with it.

from the Times Picayune