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$500 Million Awarded To Louisiana, Texas & West Virginia Flood Areas

[fa icon="calendar'] Oct 18, 2016 10:13:20 AM / by Eustis Mortgage posted in mortgage news, community development block grant

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This month, U.S. Department of Housing and Urban Development (HUD) Secretary, Julián Castro, awarded $500 million to Louisiana, Texas and West Virginia as part of the HUD’s Community Development Block Grant – Disaster Recovery Program. The motion was approved by President Barack Obama on September 29, 2016, when he signed the Continuing Resolution into law. With this resolution, the Department of Housing and Urban Development could allocate $500 million “in the most impacted and distressed areas” that experienced natural disasters before September 29 of this year.

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