Sign Up For Novogradac Industry Alert Emails

HUD Announces $2 Billion in Community Development Block Grants for Disaster Relief

Monday, November 1, 2021 - 3:00PM

The U.S. Department of Housing and Urban Development (HUD) announced today in a press release the allocation of more than $2 billion in Community Development Block Grant-Disaster Recovery (CDBG-DR) and Community Development Block Grant-Mitigation (CDBG-MIT) funds. Alabama, California, Florida, Iowa, Louisiana, Michigan, Mississippi, Oregon, Puerto Rico and Tennessee were the 10 areas receiving funds, which bolster communities that experienced hurricanes, wildfires, earthquakes and other natural disasters in 2020 and the final days of 2019. Among the aims of the grants is restoration of housing. The grants were included as part of the continuing resolution, the Extending Government Funding and Delivering Emergency Assistance Act (PL 117-43; the Act), signed into law Sept. 30.

CDBG-DR and other disaster relief will be discussed at the Novogradac 2022 Affordable Housing Developers Conference in San Juan, Puerto Rico, Jan. 13-14, 2022.

Learn more about Novogradac's expertise and many services