FEMA obligates $1.2 million for CUC Soudelor repairs

Washington, D.C. – December 31, 2015 – (RealEstateRama) — The Federal Emergency Management Agency announced this week a grant of $1,194,653.70 to the Northern Mariana Islands. The funds are intended to be passed through to the Commonwealth Utilities Corporation for costs of restoring power on Saipan following Typhoon Soudelor.

These public assistance funds are authorized under Section 406 of the Robert T. Stafford Act and should continue to be obligated for a variety of public infrastructure that was damaged during the storm. FEMA provides 90 percent of funding; the Commonwealth provides 10 percent, a reduction of the usual 25 percent match.

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