Skip to main content

HUD Expands Aid to Flood-Damaged States

Aug 04, 2017
The Department of Housing and Urban Development (HUD) has allocated an additional $178.5 million to help hard-hit areas in several states that have yet to see a full recovery from severe flooding that occurred in 2015 and 2016

The Department of Housing and Urban Development (HUD) has allocated an additional $178.5 million to help hard-hit areas in several states that have yet to see a full recovery from severe flooding that occurred in 2015 and 2016. 
 
The grants are provided through HUD’s Community Development Block Grant – Disaster Recovery (CDBG-DR) Program. State and local governments in West Virginia, Texas, North Carolina, South Carolina and Florida will target these grants in “the most impacted” areas.
 
“Clearly, there are hard-hit communities in these states that need more help to recover from the devastating floods they experienced over the past two years,” said HUD Secretary Dr. Ben Carson. “Today, we make another investment in the future of these communities and to help our neighbors in need.”

 
About the author
Published
Aug 04, 2017
Co-Founder Mat Grella Terminated From NEXA

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024
Rocket's Tim Birkmeier To Retire

Birkmeier is bidding farewell after a 28-year career at Rocket Companies.

Mar 21, 2024
How NAR’s Settlement Impacts Homebuying

While the settlement's silver lining is that homes are expected to become more affordable, many uncertainties loom over the housing market.

Mar 19, 2024
NAR Reaches $418 Million Settlement

The association agreed to give home sellers the option of compensating agents.

Mar 15, 2024
U.S. Non-Bank Mortgage Lenders Surge Amid Industry Consolidation, Fitch Ratings Reports

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.

Mar 14, 2024