Disaster Recovery Fund: Faster Rebuilding and Housing Support
This act establishes a new fund to provide faster and more predictable financial assistance to communities affected by disasters. It focuses on rebuilding housing and infrastructure, especially for low- and moderate-income individuals, and on mitigation efforts to reduce future damages.
Key points
Establishes a permanent fund for disaster assistance, aiming to expedite support for affected areas.
Prioritizes housing assistance and infrastructure restoration, particularly for low-income individuals.
Introduces new allocation rules based on damage concentration and local needs.
Emphasizes proactive mitigation activities to reduce future disaster risks and costs.
Increases transparency and accountability in fund expenditure, with public access to information.
Expired
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