HUD Announces $1.5B in Aid to Puerto Rico – NMP 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
New Study Finds UWM's 'All-In' Triggered Industrywide Pricing Spillovers

Research shows wholesale competitors responded to the 2021 Rocket ban by lowering mortgage rates,

Jul 15, 2026
First Major Housing Reform In Decades Becomes Law Without Trump's Signature

Bipartisan ROAD to Housing Act advances supply, construction, and mortgage reforms despite White House protest

Jul 10, 2026
Mortgage Star Conference Honors Women Shaping The Future Of Mortgage Leadership

MWLC honors leaders driving innovation, mentorship, and growth across the mortgage industry

Jul 09, 2026
June Jobs Report Improves Mortgage Rate Outlook

Slower hiring strengthens bonds and eases concerns over additional Fed tightening

Jul 02, 2026
NEXA Founder Mike Kortas Launches evoLend To Help Originators Retain Borrowers

New Fannie Mae-, Freddie Mac- and Ginnie Mae-approved mortgage servicer aims to keep originators connected to borrowers through servicing data, payoff visibility and retention tools

Jul 02, 2026
President Trump Cancels 21st Century ROAD To Housing Act

Trump cancels signing the bipartisan housing bill, leaving affordability package in limbo

Jun 24, 2026