HUD and U.S. Virgin Islands Sign $243 Million Disaster Recovery Grant Agreement
The
"Today, we take another important step in the process of rebuilding damaged homes, restoring shuttered businesses and repairing critical infrastructure," said Deputy Secretary Patenaude. "With the formal execution of this grant agreement, the real brick-and-mortar recovery work can begin."
"On behalf of the people of the
To address unmet needs, the
Homeowner Rehabilitation and Reconstruction Program (
Rental Rehabilitation and Reconstruction (
Public &
Infrastructure (
Economic Revitalization (
Background
On
On
CDBG-DR grants support a variety of disaster recovery activities including housing redevelopment and rebuilding, business assistance, economic revitalization, and infrastructure repair. Grantees are required to spend the majority of these recovery funds in "most impacted" areas as identified by HUD. HUD will issue administrative guidelines shortly for use of the funds to address grantees' long-term recovery needs, particularly in the area of housing recovery.
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