Home >> Daily Dose >> HUD Allocates $2.3B to 15 States, Puerto Rico
Print This Post Print This Post

HUD Allocates $2.3B to 15 States, Puerto Rico

hurricane vortex

The U.S. Department of Housing and Urban Development (HUD) announced the allocation of more than $2.3 billion to support long-term disaster recovery process in 15 states, including Puerto Rico, the U.S. Virgin Island, American Samoa, and the Commonwealth of the North Mariana Islands. 

Funds are supported through HUD’s Community Development Block Grant and will address damaged housing, businesses, and infrastructure from disasters that have occured since 2017.

The program requires grantees to develop recovery plans informed by local residents. 

“Today, we take another important step to ensure those hardest-hit by recent disasters can fully recover,” said HUD Secretary Benjamin Carson. “The grants awarded today will help these local communities continue the recovery process of rebuilding their homes, restoring their businesses and repairing their critical infrastructure.”

California received the most funds from this announcement, bringing in $525 million for disasters that occured in 2018. The state has received a total of more than $1 billion over the past two years. 

Puerto Rico will reportedly receive $277 million, on top of the $19.9 billion it received for disasters linked to 2017. The island has been granted more than $20 billion stemming from disasters in 2017. 

HUD announced earlier this year it granted the island $8.2 billion as it continued to recover from 2017’s Hurricane Maria. 

“This is an unprecedented investment and since Puerto Rico has a history of fiscal malfeasance, we are putting additional financial controls in place to ensure this disaster recovery money is spent properly,” Carson said of the allocation of funds. “With stringent HUD oversight, these dollars should have a real, lasting impact on Puerto Rico and help our fellow citizens who are struggling to recover from these devastating storms.”

HUD said that its approval of Puerto Rico's action plan makes the island nation eligible for Congressionally appropriated disaster relief funds which will be awarded through HUD's grant programs.

Texas received more than $212 million to recover from disasters in 2019. Other states to receive funds for disasters in 2019 were Arkansas ($8.9 million); Iowa ($96 million); Missouri ($30 million); Nebraska ($108 million); Ohio ($12 million); and Oklahoma ($36 million). 

About Author: Mike Albanese

A graduate of the University of Alabama, Mike Albanese has worked for news publications since 2011 in Texas and Colorado. He has built a portfolio of more than 1,000 articles, covering city government, police and crime, business, sports, and is experienced in crafting engaging features and enterprise pieces. He spent time as the sports editor for the "Pilot Point Post-Signal," and has covered the DFW Metroplex for several years. He has also assisted with sports coverage and editing duties with the "Dallas Morning News" and "Denton Record-Chronicle" over the past several years.
x

Check Also

Black Knight Announces Expansion of Property Tax Certifications

Other reports in the Eye of the Industry focus on the integration of credit reporting capabilities and a mortgage providers’ giveaways during the Holiday season.

GET THE NEWS YOU NEED, WHEN YOU NEED IT.

With daily content from MReport, you’ll never miss another important headline in originations, lending, or servicing. Subscribe to MDaily to begin receiving a complimentary daily email containing the top mortgage news and market information.