HUD Approves U.S.V.I. Recovery Plan, Tight Fiscal Controls to Apply

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U.S. Department of Housing and Urban Development

U.S. Department of Housing and Urban Development (HUD) today announced its approval of the U.S. Virgin Islands’ latest disaster recovery action plan, 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.

Original Source: https://stjohnsource.com/2019/03/02/hud-approves-u-s-v-i-recovery-plan-tight-fiscal-controls-to-apply/