Financial Assistance, Compliance, Economic Development 16 Jan 2025 economic revitalization, compliance, hud, financial assistance, business grants, disaster recovery, cdbg-dr

💰$12 Billion CDBG-DR Funds for Disaster Recovery Announced

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.

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