HUD AWARDS ADDITIONAL $1.8 BILLION TO HELP SIX STATES TO RECOVER FROM 2016 DISASTERS

Funding to support recovery in Louisiana, West Virginia, Texas, Carolinas and Florida.

WASHINGTON – (RealEstateRama) — U.S. Housing and Urban Development (HUD) Secretary Julián Castro today awarded an additional $1.8 billion to help Louisiana, West Virginia, Texas, North Carolina, South Carolina and Florida to recover after severe flooding events that occurred earlier this year.  Provided through HUD’s Community Development Block Grant – Disaster Recovery (CDBG-DR) Program, these recovery funds will assist the most impacted communities that experienced the most serious damage to their housing stock.

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President Obama signed the Fiscal Year 2017 Further Continuing Resolution into law on December 10, 2016.  This stopgap spending measure directed HUD to allocate $1.8 billion “in the most impacted and distressed areas” that experienced presidentially declared disasters in 2016 but prior to December 10, 2016, including Hurricanes Matthew and Hermine.  The disaster recovery grants announced today are in addition to $500 million HUD allocated in October (see chart below).

“Our team worked quickly to make sure these funds reach the communities most impacted by a major disaster this year.” said Secretary Castro.  “We’ll do everything we can to support the people and places still struggling to rebuild.”

HUD awarded the following disaster recovery funds based on each state’s proportional share of serious unmet housing and infrastructure needs:

States

Current
CDBG-DR
Allocation

October 2016
CDBG-DR
allocations

TOTAL2016
CDBG-DR Allocations
Louisiana

$1,219,172,000

$437,800,000

$1,656,972,000

West Virginia

$87,280,000

$17,000,000

$104,280,000

Texas

$177,064,000

$45,200,000

$222,264,000

North Carolina *

$198,553,000

$0

$198,553,000

South Carolina *

$65,305,000

$0

$65,305,000

Florida **

$58,602,000

$0

$58,602,000

TOTAL

$1,805,976,000

$500,000,000

$2,305,976,000

*Disaster declarations due to Hurricane Matthew
** Disaster declarations due to Hurricane Hermine

To determine these disaster recovery allocations, HUD analyzes the most currently available data of the unmet costs to repair seriously damaged properties and infrastructure in the most-impacted counties.  HUD will shortly publish a notice in the Federal Register which will define the criteria for the use of these funds.  CDBG-Disaster Recovery grants can support a wide variety of activities including housing redevelopment, business assistance and infrastructure repair.

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HUD’s mission is to create strong, sustainable, inclusive communities and quality affordable homes for all.
More information about HUD and its programs is available on the Internet
at www.hud.gov and http://espanol.hud.gov.

You can also connect with HUD on social media and follow Secretary Castro on
Twitter and Facebook or sign up for news alerts on HUD’s Email List.

Brian Sullivan
(202) 708-0685
http://www.hud.gov/news/index.cfm

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U.S. Department of Housing and Urban Development (HUD) is the nation’s housing agency committed to increasing homeownership, particularly among minorities; creating affordable housing opportunities for low-income Americans; and supporting the homeless, elderly, people with disabilities and people living with AIDS. The Department also promotes economic and community development, and enforces the nation’s fair housing laws.

Contact:

Brian Sullivan
(202) 708-0685

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