Louisiana 2024 Regular Session

Louisiana House Bill HCR54

Introduced
4/8/24  
Introduced
4/8/24  
Refer
4/9/24  
Report Pass
4/29/24  
Report Pass
4/29/24  
Engrossed
5/13/24  
Engrossed
5/13/24  
Refer
5/14/24  
Refer
5/14/24  
Report Pass
5/22/24  
Passed
5/30/24  

Caption

Requests the United States Department of Housing and Urban Development to confer with the Jefferson Parish Community Development Department to consider modifications to required property insurance coverage

Impact

HCR54 aims to address the pressing issue of rising property insurance premiums, which have significantly impacted many homeowners in Jefferson Parish. As HUD mandates that property owners maintain insurance for properties obtained via its grants, the proposal underscores the potential consequences of these requirements imposed on vulnerable groups within the community, particularly those who are elderly and fall below certain income thresholds. The resolution stresses the need for HUD to consider these socioeconomic factors in its insurance policy requirements.

Summary

House Concurrent Resolution 54 (HCR54) urges the United States Department of Housing and Urban Development (HUD) to work with the Jefferson Parish Community Development Department to modify the property insurance coverage requirements for properties acquired through HUD community development grants. The resolution highlights the increasing costs associated with property insurance, particularly for elderly and low-income homeowners who may struggle to meet these requirements and face the risk of foreclosure and homelessness as a result.

Sentiment

The sentiment surrounding HCR54 appears to be one of urgency and concern for the welfare of elderly homeowners affected by rising insurance costs. The resolution reflects a supportive stance towards assisting vulnerable populations and emphasizes the importance of finding a balanced approach that safeguards both the interests of homeowners and the requirements set forth by federal housing programs. Overall, the sentiment suggests a concentrated effort to address systemic issues faced by low-income and elderly residents in maintaining their property rights.

Contention

While there may not be direct opposition to HCR54, the resolution raises important discussions about the broader implications of insurance requirements mandated by federal programs. One point of contention could be the potential for modifications to HUD's requirements to be seen as a relaxation of standards, impacting the efficacy of the community development grants. Additionally, debates may arise regarding how modifications could be implemented without compromising the quality and consistency of housing support provided by HUD.

Companion Bills

No companion bills found.

Previously Filed As

LA HCR92

Requests study by Louisiana Department of Health to consider Medicaid coverage of gene therapy

LA HCR64

Urges and requests the Department of Transportation and Development to report to the legislature concerning the Darlington Reservoir project

LA HCR68

Urges and requests the Department of Transportation and Development to reevaluate and construct a safety installation in a certain community in Shreveport, Louisiana

LA HCR108

Urges and requests the Department of Transportation and Development conduct a study and make plans relative to emergency evacuation routes for public safety

LA HCR63

Urges and requests the Department of Transportation and Development study the addition of a shoulder on Louisiana Highway 19 between north Zachary and the Mississippi state line

LA HCR123

Requests the Department of Insurance to report certain information regarding the Insure Louisiana Incentive Program

LA HCR73

Urges and requests the Department of Transportation and Development to work with other agencies and interest groups to take appropriate action to remove and prevent homeless people from residing within interstate rights of way in the New Orleans metropolitan area

LA HCR122

Memorializes the United States Congress to adopt strategies for improving access to dental care for adults with intellectual and developmental disabilities

LA HCR145

Urges and requests the Department of Transportation and Development to evaluate all potential areas in the upper Amite River Basin on the potential to detain and retain stormwater runoff through a system of structures

LA HCR125

Memorializes the United States Congress to support passage of the Flood Insurance Affordability Act and the Risk Rating 2.0 Transparency Act

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