Brad Pitt foundation reaches settlement over Louisiana homes

BATON ROUGE (AP) — Brad Pitt’s Make It Right Foundation and homeowners of the houses built by the program, in an area of New Orleans that was among the hardest hit by Hurricane Katrina, reached a $20.5 million settlement Tuesday evening. The settlement represents a major milestone in the long-running saga that began in the aftermath of Katrina. In 2007, Pitt founded the futuristic housing development organization with a goal of replacing lost housing in the flood-ruined Lower Ninth Ward. The project was praised initially, but 10 years and more than $26 million later, construction halted.  Residents reported sagging porches, mildewing wood and leaky roofs.