DALLAS--(BUSINESS WIRE)--Affiliated Computer Services, Inc. (NYSE: ACS) will administer the state of Louisiana’s program to rebuild affordable rental property damaged by hurricanes Katrina and Rita. The two-year contract has a not-to-exceed amount of $37.5 million. ACS will oversee construction as well as administer eligibility and grant determination for the Small Rental Property Program, which provides federal funding for property owners to repair their storm-damaged small-scale rental properties and rent them to low- and moderate-income tenants. Created in 2006, the program has awarded more than $61 million in grants to rebuild more than 1,300 rental units. Nearly 82,000 rental units received significant damage from Katrina and Rita, which accounts for 40 percent of all housing damaged in the storms. “By creating more affordable rental housing for the people of Louisiana, we can accelerate economic growth and recovery in the areas hit hardest by the storms,” said Paul Rainwater, executive director of the Louisiana Recovery Authority. “ACS has a proven track record and the ability to quickly implement a solution to benefit program participants.” The Small Rental Property program is part of The Road Home program, the largest single housing recovery program in U.S. history, developed to help residents get back into a home or apartment as quickly and fairly as possible. “For more than 25 years, ACS has provided the state of Louisiana with dependable, innovative services,” said Joe Doherty, executive vice president and group president of ACS Government Solutions Group. “Immediately after Hurricane Katrina, ACS assisted by providing critical services, including creation of the 1-888-LAHELPU citizen assistance line and ensuring that parents would receive child support payments in a timely manner. Through our agreement with the Louisiana Recovery Authority, ACS will continue to show its commitment to helping the residents of Louisiana in the recovery process.”
