Industry News

Florida to receive $83 million for affordable housing

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Housing and Urban Development Secretary Alphonso Jackson has announced an $82.9 million spending plan to support Florida's long-term recovery from the effects of Hurricane Wilma. The program will focus on helping counties and Indian tribes throughout southern Florida to restore their stock of affordable housing, according to the HUD announcement. The funding is part of $11.5 billion in Community Development Block Grant program assistance that Jackson allocated to Florida and four other Gulf Coast states in January. Florida's 2005 Disaster Recovery Initiative Action Plan seeks to restore affordable housing that was damaged or destroyed in the wake of Hurricane Wilma. Local county governments and Indian tribes that receive grants through this program are required to devote at least 70 percent of the grant money toward restoring affordable housing. Local governments are encouraged to give special consideration to the unmet housing needs of the elderly, persons with disabiliti...