• Login
  • Join PAR or Rejoin PAR
  • Current PAR Member Forms
  • Directory
  • Member Handbook
  • PAR Newsletters
  • Pay Dues
  • Advertise with PAR

Phone : 602.246.1012
facebook
twitter

  • Education
    • Education Overview
    • Education Calendar
    • Arizona CE Requirements
    • Code of Ethics Training
    • Online Courses
    • Designations & Certifications
    • Broker Education
  • Events
    • Calendar of Events
    • Valleywide Real Estate Marketing Meetings
    • 3rd Thursdays Lunch Break
  • Benefits
    • Benefits Overview
    • Arizona Regional MLS
    • Benefits from the Arizona Association
    • Benefits from the National Association
    • Facility Rental
    • PAR Store
  • Resources
    • Resources Overview
    • Arizona Department of Real Estate
    • Market Statistics
    • New REALTORS®
    • Technology
    • Housing Information
    • Resources for Home Buyers
    • Business and Information Tools
    • DR Dues Formula Explanation
  • News
    • PAR News
    • Industry News
  • Law and Ethics
    • Law and Ethics Overview
    • Legal Opinions
    • Code of Ethics
    • State & National Legal Resources
  • Political Advocacy
    • Political Advocacy Overview
    • Local Issues & Activities
    • State Issues & Activities
    • National Issues & Activities
    • RAPAC
  • About Us
    • About Us Overview
    • History
    • Photo Gallery
    • Awards
    • Board of Directors
    • Staff
    • PAR Bylaws
    • Office Hours and Location
    • Contact Us



HUD announces $616 million in hurricane recovery aid for Florida

June 29, 2018
$616, Announces, florida, hurricane, Million, recovery

The U.S. Department of Housing and Urban Development (HUD) approved details on Thursday, of a $ 616 million disaster recovery plan for the state of Florida, nearly 10 months after Hurricane Irma made landfall, killing dozens and potentially causing up to $ 65 billion in property damage.

The plan is part of HUD’s Community Development Block Grant-Disaster Recovery Program, which requires grantees to develop a spending plan with feedback from local residents.

“It’s great news that we were able to secure critical funding from HUD that will directly benefit the families who were most affected by last year’s storms,” Florida Governor Rick Scott said in a statement. “This $ 616 million will enable communities to build new affordable housing and to replace homes lost in the wake of last year’s hurricane season.”

“Through this program, we can continue to move forward with long-term affordable housing solutions for displaced families as well as provide grants to businesses who were impacted by the storm,” he added. “We won’t stop working until all of Florida’s communities have fully recovered.”

The funds will be allocated as follows:

  • $ 273.3 million to rehabilitate housing occupied by low and moderate income families
  • $ 100 million to facilitate the creation of affordable rental housing through local partnerships
  • $ 20 million for the purchase of land to be used for affordable housing
  • $ 75 million for a voluntary program to purchase residential properties in high-risk flood areas
  • $ 20 million for workforce training throughout the state
  • $ 60 million for eligible business owners seeking reimbursement for business owners to replace equipment or inventory damaged
  • $ 65 million in business assistance to new Floridians coming from Puerto Rico

HUD additionally allocated $ 791 million of block grant funding for unmet need, infrastructure and mitigation purposes. The agency will issue requirements governing those funds and Florida will be required to submit plans to the address their use.

The relief for Florida comes just days after HUD approved a much larger $ 5 billion recovery plan for the state of Texas during its continued recovery from Hurricane Harvey, which hit Gulf Coast communities in and around Houston in late August 2017 and caused $ 125 billion in damage and upwards of 88 deaths.

Email Patrick Kearns

Inman

Social Share

Industry Archives

Recent Posts

  • 3 tips for using rapport to turn prospects into clients
  • New FAA law will require drones to display registration
  • How to launch your career in high-end real estate
  • Be your community’s #1 fan
  • 3 steps to a more productive 2019

Support our Advertisers


Consumers:

Find a Home
Find a REALTOR®
What is a REALTOR®
Why Use a REALTOR®
Home Ownership News

Learn More

Resources:

Industry News
New REALTORS®
Arizona Dept of Real Estate
Political Advocacy
Law and Ethics
Accessibility

Learn More

REALTORS®:

PAR Store
PAR Member Benefits
PAR Events
Facility Rental
Continuing Education
PAR Forms
Join PAR
Pay Dues

Contact Us:

5033 N. 19th Ave., Ste 119
Phoenix, AZ 85015
Phone: (602) 246-1012
Fax: (602) 246-1512
Office Hours and Location

Contact Us


REALTOR LogoREALTOR Logo | Advertise with PAR
© 2015 Phoenix Association of REALTORS®.  All Rights Reserved | Privacy Policy | Terms of Use