Gray, Public Affairs Officer
June 2, 2004
HUD ANNOUNCES DISASTER ASSISTANCE FOR STORM VICTIMS IN FOUR NEBRASKA COUNTIES
Temporary housing and foreclosure protection offered to displaced families
KANSAS CITY - Housing and Urban Development Regional Director Macie Houston today announced she would speed federal disaster assistance to four Nebraska counties and provide support to homeowners and low-income renters.
On May 23, 2004, President Bush declared Cass, Gage, Lancaster and Saline counties as federal disaster areas. The declaration covers damage to private and public property affected by the recent tornados and severe storms.
"HUD is here to help the families whose homes have been damaged
or destroyed," said Houston. "Working closely
with FEMA, the Small Business Administration and local officials, we want to give families the help they need to recover from this disaster."
- Grant immediate foreclosure relief - HUD will grant
a 90-day moratorium on foreclosures and forbearance
on foreclosures of Federal Housing Administration-insured homes;
- Provide temporary housing and shelter - HUD will work
with FEMA to identify vacant public housing and HUD-owned properties
that can be used as temporary housing for those forced from their
- Offer Section 108 loan guarantee assistance - HUD will
offer state and local governments federally guaranteed loans for
housing rehabilitation, economic development and repair of public
- Make available mortgage insurance - HUD's Section 203(h)
program provides FHA insurance to disaster victims who have lost
their homes and are facing the daunting task of rebuilding or
buying another home. Borrowers are eligible for 100 percent financing,
including closing costs;
- Make available insurance for both mortgages and rehabilitation
- HUD's Section 203(k) loan program enables those who have lost
their homes to finance both the purchase or refinancing of a house
its repair or rebuilding through a single mortgage. It also allows homeowners who have damaged houses to finance the rehabilitation of their existing single-family home;
- Work with local governments to streamline re-allocating federal resources to disaster relief - HUD's Community Development Block Grant (CDBG) program gives local governments in Iowa the flexibility to redirect millions of dollars to address critical needs, including housing and services for storm victims.
HUD is the nation's housing agency committed to increasing minority
homeownership, creating affordable housing opportunities for low-income
Americans, supporting the homeless, elderly, people with disabilities
and people living with AIDS. The Department also promotes economic
and community development as well as enforces the nation's
fair housing laws. More information about HUD and its programs is available on the internet and espanol.hud.gov.