The U.S. Department of Housing and Urban Development has allocated nearly $109 million in federal funds in the aftermath of last year’s devastating historic floods, a news release from the agency said.
The Community Development Block Grant Disaster Recovery funds will help support Nebraska’s disaster relief, long-term recovery and restoration efforts following the floods. The Nebraska Department of Economic Development has already begun an approximate six-month process to determine distribution of the disaster funds to areas affected by flooding. Local governments are eligible recipients under the program. Funding will not be made available directly to individuals, businesses, or homeowners.
Nebraska is required to perform a number of steps before it can begin to distribute the funds, such as preparing and receiving HUD approval for an implementation plan and action plan. As a part of this process, DED will develop and make available application materials for local governments.
Topics Flood
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: Insurance Broker Valuations – The Elephant in the Room 
AccuWeather Atlantic Hurricane Season Forecast: 11-16 Named Storms 
Chubb Outlines Structure of $20B Gulf Reinsurance Facility, Now Including Liability Cover 
Musk Found Liable to Twitter Shareholders in Fraud Lawsuit Over Takeover 
