Home URBAN HUD AWARDS $312 MILLION IN DISASTER RECOVERY GRANTS TO HELP STATES REDUCE...

HUD AWARDS $312 MILLION IN DISASTER RECOVERY GRANTS TO HELP STATES REDUCE DAMAGES FROM FUTURE DISASTERS

 width=Disaster Recovery Enhancement Fund to support buyouts, relocations, home improvements

WASHINGTON ““ U.S. Housing and () Secretary Shaun Donovan today awarded nearly $312 to 13 states to invest in efforts to reduce the human, physical, and economic toll of disasters.   The grants announced today are provided through HUD’s Disaster Recovery Enhancement Fund (DREF) and are intended to encourage states to undertake activities and long-term strategies that focus on reducing damages from future natural disasters.

In the past two years, HUD allocated more than $5.6 billion in disaster recovery funding through its Community Development Block Grant (CDBG) to these states.    The DREF was established to support the long-term recovery following dozens of natural disasters in 2008.   As a result of having received CDBG funds for those disasters, these 13 states were eligible to receive additional allocations based on the significant investment they’ve made by targeting their CDBG funds to disaster mitigation.

“An ounce of prevention today can spare communities a world of hurt tomorrow,” said Donovan.   “We’re making a serious investment in our future by making certain that when disaster strikes, the impacted communities in these states can weather the storm.”

Disaster mitigation, like those that qualify for funding through the DREF, are a sound investment.   According to an independent study by the National Institute of Building Sciences, every dollar spent on disaster mitigation activities saves taxpayers $4 in future disaster recovery expenses.   The 13 states that received funding through the DREF invested nearly $876 million in disaster mitigation which translates into a total anticipated return on investment of more than $3.5 billion.

The purpose of the DREF is to reward states that invested CDBG disaster recovery funding in activities that reduce risks from future disasters.  HUD recognizes that while these types of activities are often more expensive in the short-term, they dramatically cut recovery costs  over the long-term.   To assist with the additional cost of mitigating future risk, DREF funds can be used toward projects meeting unmet disaster recovery needs, and those that include:

Ø   Buyout payments for homeowners living in high-risk areas;

Ø   Optional relocation payments to encourage residents to move to safer locations;

Ø   Home improvement grants to reduce damage risks (property elevation, reinforced garage doors and windows, etc.);

Ø   Improving and enforcing building codes; and

Ø   Developing forward-thinking land -use plans that reduce development in high-risk areas.

HUD is awarding DREF grants to the following states:

State DREF Allocation
Iowa$84,126,989
Texas$67,949,391
Louisiana$32,487,882
Florida$26,616,675
Illinois$23,517,970
Indiana$23,208,985
Wisconsin$15,276,319
California$15,000,000
$12,000,000
Mississippi$5,438,712
Missouri$5,000,000
Kentucky$500,000
Georgia$480,000

Total

$311,602,923

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HUD’s mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes: utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination; and   transform the way HUD does business. More information about HUD and its programs is available on the Internet at www.hud.gov and espanol.hud.gov.

1 COMMENT

  1. The events of September 11 have really made people aware of the importance of DR solutions globally. Before when someone talked about DR planning it was only the big businesses that looked at it. Today, big, medium and small businesses look at DR in one shape or form. Everyone has really realized what exactly can happen and what these impacts can do to their business. Better to be safe than sorry I guess.

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