HUD provides $5 billion for Hurricane Harvey repair

by Rincey Abraham

The U.S. Department of Housing and Urban Development is providing more than $5 billion to Texas to be used in Hurricane Harvey recovery efforts.

HUD is giving $5.024 billion to help hard-hit areas of Texas through its Community Development Block Grant – Disaster Recovery Program. It will be used to support the repair of damaged homes, business and critical infrastructure in the state.

HUD used information from the Federal Emergency Management Agency (FEMA) and Small Business Administration (SBA) on the number of seriously damaged homes that lack enough insurance and businesses that do not qualify for SBA’s disaster loan program.

“The urgency with which our federal partners are addressing the needs of Texans following Harvey is exactly what is needed to help them rebuild their lives,” Gov. Greg Abbott said in a statement.

More than 230,00 homes suffered damage from Harvey, 65,000 of which have serious damage that is not covered by other sources of insurance, according to HUD. More than 4,000 businesses also suffered serious flooding damage that is not covered.

“Our goal from the start has been work in conjunction with federal and local leaders to help Texans repair and rebuild as quickly as possible,” Abbott said, “and this funding is a good start that brings us one step closer to achieving that goal.”

 

1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...