Brad Pitt foundation to pay $20.5m

Owners of Brad Pitt’s disaster-relief homes built following Hurricane Katrina have tears of joy today after a legal settlement was finally reached

Brad Pitt fronted a campaign following the natural disaster, promising to build a large number of environmentally-sustainable homes at the epicentre of the storm, and then sell them to the flood victims below cost.

The bold concept was met with fanfare from right around the world, with Pitt himself labelling the scheme as “a proof-of-concept for low-income green building”.

However, the properties began to deteriorate almost immediately after the owners moved in.

13-years later, the construction company has agreed to pay over $20 million in compensation to those affected.

Pitt has long denied any responsibility for the failures.