Industry News

HUD approves $74.5 million to rebuild Texas

Funding to help eastern counties in Katrina recovery

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

Housing and Urban Development Secretary Alphonso Jackson on Monday announced he is approving a $74.5 million plan to help 29 East Texas counties to recover from the devastation left in the wake of Hurricane Rita. The disaster recovery funding, provided through HUD's Community Development Block Grant (CDBG) Program, will be distributed among four regional planning agencies to target unmet housing and infrastructure needs along the Texas Gulf Coast. "Texas will put this funding to work where the needs are greatest," Jackson said. "There are a number of communities along the East Texas Gulf Coast with significant needs, including thousands of homes that were damaged or destroyed. This plan will go a long way toward meeting these needs and helping homeowners to get back on their feet." In January, Jackson allocated the emergency CDBG funding to Texas to support the state's long-term recovery efforts. The state may use up to 5 percent of the funding ($3.7 million) to cover the administr...