HUD Approves Puerto Rico Recovery Plan, Including Housing

Monday, July 30, 2018 - 10:15am

The U.S. Department of Housing and Urban Development (HUD) today announced its approval of a $1.5 billion disaster recovery plan for Puerto Rico to recover from Hurricane Irma and Hurricane Marina that includes $100 million in Community Development Block Grant-Disaster Relief gap funding for low-income housing tax credit properties and $10 million in rental assistance program funding for low-income renters. The plan primarily focuses on the restoration of damaged and destroyed homes, businesses and infrastructure.