HUD Allots $28 Billion for Disaster Recovery in U.S. and Puerto Rico

Filed in Disaster Response, Multifamily by on April 10, 2018 0 Comments

An electric utility crew works to repair a line in Humacao, Puerto Rico last December, more than three months after it was damaged by Hurricane Maria.

HUD announced today it will allocate nearly $28 billion to support long-term disaster recovery efforts in nine U.S. states, Puerto Rico and the U.S. Virgin Islands. The funds represent the largest single amount of disaster recovery assistance in HUD’s history.

Most of the $28 billion will be used to address unmet needs from major disasters that occurred in 2017, including hurricanes Harvey, Irma and Maria, as well as the California wildfires and subsequent mudslides. More than $11 billion will go to Puerto Rico and the U.S. Virgin Islands, and $2 billion specifically to repair and upgrade the electrical grid in those areas.

“We commend the Administration, HUD and Secretary Carson for dedicating a significant amount of much-needed funds to help restore these devastated communities,” said NAHB Chairman Randy Noel. “We know that for many, the road to full recovery will be long. But the initiatives brought about as a result of these grants will not only help accelerate the rebuilding process, but also bring additional hope to those who continue to struggle.”

Provided through HUD’s Community Development Block Grant – Disaster Recovery (CDBG-DR) Program, the grants also include at least $12 billion toward recovery efforts remaining from other natural disasters that occurred since 2015. States that will receive the largest amounts of these funds include Louisiana, North Carolina, Texas and West Virginia.

Go to hud.gov for more details regarding the grantees and awards.

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