HUD: Disaster Mitigation Fund to Be Released in Two Tranches

U.S. Department of Housing and Urban Development (HUD) today announced that a Federal Register notice will soon be published that releases disaster mitigation funds in two tranches to areas impacted by recent storms. One tranche will include funds for Texas, Louisiana, Florida, North Carolina, South Carolina, West Virginia, California, Missouri, and Georgia; and the second tranche will include funds for Puerto Rico and the U.S. Virgin Islands. Once the Federal Register Notice is published, the jurisdictions in the first tranche can start designing their plans for how they will use their mitigation funds.

“Recovery efforts in jurisdictions prepared to do their part should not be held back due to alleged corruption, fiscal irregularities and financial mismanagement occurring in Puerto Rico and capacity issues in the U.S. Virgin Islands, which is why HUD will award disaster mitigation funds in two separate tranches,” said Secretary Carson. “Untangling these funds from each other will help recovery and planning move forward in communities capable of properly and prudently disbursing funds, all the while protecting taxpayers who are footing the bill.”

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