Please wait as we prepare your PDF file ....

Mission Chronicle Blog

Search Blog

our goal is to help you stay informed by providing timely and interesting articles.

HUD announces $616M in hurricane recovery aid for Florida

06/30/2018

Download PDF

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.

Take control of your schedule and achieve MORE! Tom Ferry explains why success starts with making the most of your time… READ MORE

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 upward of 88 deaths.

Email Patrick Kearns

Source: click here

Read More

INSPIRED, INTELLIGENT, INSIGHTFULL

STAY INFORMED WITH TIMELY AND INTERESTING ARTICLES FROM OUR BLOG, MISSION CHRONICLE. OUR ASPIRATION IS TO PROVIDE REALTORS AND OTHER REAL ESTATE INDUSTRY PROFESSIONALS WITH EXCEPTIONAL RESOURCES AND SHARE OUR KNOWLEDGE TO PROPEL YOU TO YOUR GOALS.

  • ‘Alexa, get me seller leads’

    HomeyPoints founders wanted to bridge old and new by connecting homeowners with an agent through Ama...

  • Are your sellers ready for a buyer’s market?

    How do you manage clients when the market suddenly develops into something they had not anticipated?...

  • How real estate agents can keep themselves safe every day

    Learn exactly what type of crime affects the industry and how real estate agents can arm themselves ...

  • 9 tips for filing insurance claims after a catastrophe

    Whether it’s a hurricane like Florence, a tropical storm like Lane or a flood, tornado, earthquake...

  • Looking for the perfect gift? Use this survey to make sure you’re on point

    How do you know if you are giving the right gift? And when should a gift be given? After a closing? ...

  • How to become the neighborhood real estate guru

    You work hard in your career to define yourself as a specialist so you can be recognized as the mast...

  • Working with international luxury clients? Nail these 3 crucial skills

    How are international luxury agents successfully making deals with overseas buyers and sellers? Tap ...

  • 6 things you need to know before getting your real estate license

    Before taking the leap and becoming a real estate agent, there are a number of things to think throu...

  • What skill set should you look for when recruiting?

    Byron sits down with Tom Toole III, leader of the Tom Toole Sales Group at RE/MAX Main Line, to talk...

  • Purplebricks raises its fee in Australia, but has ‘no plans’ for a US hike

    In the United States, Purplebricks’ flat-fee for homesellers was recently raised from $3,200 to $3...

September 2018
Mon Tue Wed Thu Fri Sat Sun
« Aug    
 12
3456789
10111213141516
17181920212223
24252627282930

  • Polls

    What information you are looking for?

    View Results

    Loading ... Loading ...
  • Last month Results

    How Is My Site?

    • Good (100%, 3 Votes)
    • Excellent (0%, 0 Votes)
    • Bad (0%, 0 Votes)
    • Can Be Improved (0%, 0 Votes)
    • No Comments (0%, 0 Votes)

    Total Voters: 3

    Vote

    Loading ... Loading ...