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.