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Disaster Recovery Fund: Housing and Community Development Assistance

This act establishes a new fund to provide faster and more predictable financial assistance to communities affected by natural disasters. It aims to help rebuild homes and infrastructure, especially for low- and moderate-income individuals, and to prepare for future disasters.
Key points
Establishes a permanent fund for disaster assistance, aiming to accelerate recovery and reduce bureaucracy.
Prioritizes housing and community development support for low- and moderate-income individuals.
Requires planning for mitigation activities and increasing resilience to future disasters.
Ensures better data coordination among federal agencies to prevent duplication of benefits and expedite aid.
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Additional Information
Print number: 117_S_2471
Sponsor: Sen. Schatz, Brian [D-HI]
Process start date: 2021-07-26