Skip to main content

HUD Announces $1.5B in Aid to Puerto Rico

Feb 01, 2018
The Department of Housing and Urban Development’s (HUD) Community Development Block Grant–Disaster Recovery Program has awarded nearly $28 billion

The U.S. Department of Housing and Urban Development (HUD) awarded more than $1.5 billion to help the ongoing recovery efforts in Puerto Rico created by Hurricanes Irma and Maria.
 
HUD's Deputy Secretary Pamela Hughes Patenaude announced the disaster recovery grants today during a meeting with Puerto Rico Gov. Ricardo Rosselló. The recovery funds were provided through HUD's Community Development Block Grant–Disaster Recovery (CDBG-DR) Program and will be allocated to help in reconstruction of damaged housing and local businesses in Puerto Rico.
 
"President Trump and the entire HUD family stand with our fellow citizens in Puerto Rico to help them recover from these devastating hurricanes," said HUD Secretary Ben Carson. "These recovery funds will help repair damaged homes and businesses. As local leaders, along with their citizens, develop their recovery plans, HUD will reduce regulatory barriers and remove any unnecessary roadblocks to speed long-term recovery."

 
About the author
Published
Feb 01, 2018
UWM, UMortgage Under Attack For Alleged Shell Scheme

A report released on April 25 by the hedge-funded media company alleges UWM set up a shell company, UMortgage.

Apr 25, 2024
More Questions Than Answers At Housing Finance Climate Summit

Government officials, housing leaders, and climate scientists meet to address climate change's escalating impact on housing.

Apr 22, 2024
Maximum Acceleration, Originator Connect Network Sign Exclusive CE Agreement

Pact gives OCN guaranteed live CE at shows, creates nationwide opportunity for Maximum Acceleration

Apr 17, 2024
CMG Acquires Norcom Mortgage's Retail Side

The 25-branch addition will enhance CMG’s northeastern presence from Maryland to Maine.

Apr 12, 2024
CFPB Weighs Title Insurance Changes

The agency considers a proposal that would prevent home lenders from passing on title insurance costs to home buyers.

NEXA Begins Search For New CFO

NEXA CEO retires the president position after Mat Grella's termination.

Apr 01, 2024