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

Phil Hall

Link copied

Published

Feb 01, 2018

Analysis and Data

Homeowners Insurance A Growing Concern in Florida and California

Majority of Fla. and Calif. survey respondents have been affected by insurance woes or live in an area that has, Redfin says

Insurance is at the top of mind for homebuyers and homeowners in Florida and California, which have become epicenters of the nationwide housing insurance crisis. Rising homeowners insurance premiums and changes in coverage are so commonplace now that nearly three-quarter...

Analysis and Data

California Home Sales Decline In March, Despite Increased Listings

The California Association of Realtors reports that the median home price rose 7.7% year-over-year.

After just last month announcing the resiliency of California home sales in February despite rising interest rates, figures released today by the California Association of Realtors (CAR) show sales volume in the state slipped in March as median home prices hit a seven-month ...