HUD APPROVES U.S. VIRGIN ISLANDS' LATEST DISASTER RECOVERY PLAN-- APPROVAL COMES WITH TIGHT FISCAL CONTROLS

WASHINGTON - U.S. Department of Housing and Urban Development (HUD) today announced its approval of the U.S. Virgin Island's latest disaster recovery action plan (www.vihfa.gov/sites/default/files/reports/AMENDMENT%201%20-%20Public%20Comment%20Version%20%281%29.pdf), which will invest an additional $779 million to help the state continue to rebuild from Hurricanes Maria and Irma.

These funds are provided through HUD's Community Development Block Grant - Disaster Recovery (CDBG-DR) Program and will address lingering unmet needs, including seriously damaged housing, businesses and infrastructure.

"Today's announcement is an important milestone as we help the U.S. Virgin Islands rebuild," HUD Secretary Ben Carson said. "This money will directly benefit the communities who have suffered substantial damage to homes, businesses, and infrastructure."

HUD requires that these recovery dollars be targeted to local communities that experienced the greatest impact and that all disaster relief funds will be spent in a manner that helps disaster victims. As a result, HUD will impose strict conditions and financial controls on the use of these funds.

Learn more about CDBG-DR and the State's role in long-term disaster recovery (https://youtu.be/Lrmwz8IXXdQ)
(en español (www.youtube.com/watch?v=Uuy63y45L7s)).

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HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. More information about HUD and its programs is available on the Internet at www.hud.gov and https://espanol.hud.gov.

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