Disaster Recovery Reform: Recovery Fund and Housing Grants
This Act establishes a Long-Term Disaster Recovery Fund to provide financial aid to communities hit by catastrophic disasters, focusing on low- and moderate-income households. It creates a grant program for housing and infrastructure restoration, requiring local governments to undertake planning and mitigation efforts. The Act aims to improve access to funds and enhance the coordination of federal recovery assistance.
Key points
New Recovery Fund: Establishes the Long-Term Disaster Recovery Fund within HUD to hold appropriated amounts for disaster response.
Focus on Low-Income Housing: At least 70% of grant funds must benefit low- and moderate-income persons, unless the HUD Secretary issues a waiver.
Accelerated Funding and Planning: Authorizes preliminary grants (up to $5 million) and requires grantees to submit recovery plans within 90 days of the allocation announcement.
Improved Coordination and Oversight: Mandates data sharing between HUD, FEMA, and SBA to prevent duplication of benefits and establishes a new Office of Disaster Management and Resiliency within HUD.
Expired
Additional Information
Print number: 118_HR_5940
Sponsor: Rep. Green, Al [D-TX-9]
Process start date: 2023-10-25