💰$12 Billion CDBG-DR Funds for Disaster Recovery Announced
Allocations for Community Development Block Grant Disaster Recovery and Implementation of the CDBG-DR Consolidated Waivers and Alternative Requirements Notice (UN AAN)
Summary
This Allocation Announcement Notice announces $12,070,701,000 of Community Development Block Grant--Disaster Recovery (CDBG-DR) funds made available by the Disaster Relief Supplemental Appropriations Act, 2025, for major disasters occurring in 2023 or 2024. This Allocation Announcement Notice identifies grant requirements for these funds, including requirements in HUD's CDBG-DR Universal Notice ("Universal Notice") published in the Federal Register. The Universal Notice includes waivers and alternative requirements, relevant regulatory requirements, the grant award process, criteria for action plan approval, and eligible disaster recovery activities.
Agencies
- Housing and Urban Development Department
Business Impact
$$ - Med
The text details the allocation of over $12 billion in CDBG-DR funds for disaster recovery, including compliance requirements for grantees through an Action Plan submission process. This presents significant financial assistance opportunities for affected businesses to recover and mitigate disaster impacts, marking it as critical for business owners and executives involved in disaster recovery efforts.