Katrina, Rita Home Rebuilding Deadline Looms

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NEW ORLEANS -- Homeowners affected by Hurricanes Katrina and Rita are hustling to meet Tuesday's deadline to apply for rebuilding grants.

Both storms hit the Gulf coast in 2005 -- with Katrina sending several hundred thousand Louisiana evacuees to Texas.

The Louisiana-administered Road Home program offers federal grants of up to $150,000.

It's funded with $6.4 billion.

Louisiana authorities -- in an effort to determine how many people are eligible -- set an application deadline for the once open-ended program. Once they get the information, officials can then seek money from Congress to fill the gap.

An official with the Louisiana Recovery Authority says the program is awarding about 10,000 grants per month. The authority estimates the program will run out of money by mid-December without additional cash.