Hollywood star and his Make It Right Foundation have reached a $20.5 million settlement with 107 New Orleans residents after the houses they built for them in the aftermath of Hurricane Katrina were found to be poorly constructed and rotting. Pending a judge's approval, residents will be entitled to a $25,000 reimbursement for repairs to their homes, while the remainder of the funds will be split between them based on the state of their houses.Pitt worked with ecological non-profit Global Green to come up with the funds, and admitted he was 'grateful' they were able to reach the settlement.
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