Search Results for keywords:"disaster recovery"

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Search Results: keywords:"disaster recovery"

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  • 2025-00943 — Allocations for Community Development Block Grant Disaster Recovery and Implementation of the CDBG-DR Consolidated Waivers and Alternative Requirements Notice (UN AAN)
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    Type:Notice
    Citation:90 FR 4759
    Reading Time:about 22 minutes

    The Department of Housing and Urban Development (HUD) has announced a total of $12.07 billion in funding through the Community Development Block Grant-Disaster Recovery (CDBG-DR) program. This funding is aimed at aiding areas significantly affected by disasters in 2023 and 2024, with specific allocations for housing recovery, infrastructure restoration, and economic revitalization. Eligible entities, including certain counties and cities, must use the majority of these funds to address unmet disaster needs and can apply for additional waivers if needed. The funds are available until fully used, and grantees have up to six years to disburse them properly.

    Simple Explanation

    The government has a big pot of money, over $12 billion, to help towns and cities that got hurt by bad storms in the last couple of years. This money is supposed to help them build back homes, roads, and businesses, but figuring out who gets what money can be a bit tricky and might not always be very fair.

  • 2020-29262 — Allocations, Common Application, Waivers, and Alternative Requirements for Disaster Community Development Block Grant Disaster Recovery Grantees; Second Allocation
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    Type:Notice
    Citation:86 FR 569
    Reading Time:about 29 minutes

    The Department of Housing and Urban Development (HUD) has announced the allocation of $85,291,000 in Community Development Block Grant disaster recovery funds to aid in long-term recovery efforts from major disasters that occurred in 2018 and 2019. This funding builds on previous allocations and includes provisions for additional activities, such as mitigation efforts for 2018 disasters. The notice also provides guidance on using these funds, including the need for an action plan detailing fund usage. Special waivers and alternative requirements are outlined to assist affected areas, particularly the Commonwealth of Puerto Rico, in their recovery and planning.

    Simple Explanation

    HUD is giving out money to help places hit by big storms in 2018 and 2019 to fix up and be ready for future bad weather. They're making extra rules to make sure the money is used right, especially for Puerto Rico, to help them recover and plan better while also dealing with COVID-19.

  • 2021-00591 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing of Proposed Rule Change To Modify Phlx Options 8, Section 26, “Trading Halts, Business Continuity and Disaster Recovery”
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    Type:Notice
    Citation:86 FR 3217
    Reading Time:about 42 minutes

    The Securities and Exchange Commission has issued a notice about a proposed rule change by Nasdaq PHLX LLC. The change allows for a "Virtual Trading Crowd" to operate when their physical trading floor is unavailable. This proposal, influenced by COVID-19, aims to ensure that trading can continue in a virtual environment similar to in-person open outcry trading. It includes measures for communication and security to maintain the integrity and smooth operation of the trading system.

    Simple Explanation

    Imagine a group of people who love to trade things with each other. They usually meet in a special place to do this, but because of something like a big sneeze that's happening everywhere, they can't meet there anymore. So, they want to meet online to trade, just like a video game chat, and they're making sure it's safe and fair for everyone who joins in.

  • 2020-29261 — Allocations, Common Application, Waivers, and Alternative Requirements for Community Development Block Grant Disaster Recovery Grantees (CDBG Mitigation)
    💰
    Type:Notice
    Citation:86 FR 561
    Reading Time:about 33 minutes

    The Department of Housing and Urban Development (HUD) is allocating over $186 million in Community Development Block Grant Mitigation (CDBG-MIT) funds to grantees affected by 2018 disasters. This funding, authorized by the Additional Supplemental Appropriations for Disaster Relief Act of 2019, is meant for mitigation activities that increase resilience and reduce risks from future disasters in most impacted and distressed areas. Grantees must submit action plans detailing the use of these funds, which must focus on identified risk areas and can be leveraged through partnerships and coordination with other federal programs. HUD will provide technical assistance to smaller grantees to enhance the effectiveness of these mitigation efforts.

    Simple Explanation

    The government is giving over $186 million to help places hit by disasters in 2018 become stronger and safer. But the rules to get this money are tricky, so it might be hard for those who need it to figure out how to use it right.