Dedicated Fund and Structured Program for Long-Term Disaster Recovery and Housing Aid.
This law establishes a permanent Long-Term Disaster Recovery Fund and a formal grant program within HUD to provide predictable financial assistance to communities hit by catastrophic disasters. It ensures that at least 70% of these funds are directed toward restoring housing and infrastructure for low- and moderate-income families, significantly benefiting the most vulnerable survivors. The act also mandates better data coordination among federal agencies to prevent duplication of benefits and speed up aid delivery.
Key points
Establishes a dedicated federal fund and a formal grant program (CDBG-DR) for long-term disaster recovery, replacing the previous ad-hoc funding approach.
Requires that the majority (at least 70%) of recovery funds benefit low- and moderate-income households, prioritizing vulnerable populations and affordable housing.
Speeds up the recovery process by mandating quick allocation decisions (within 90-120 days) and allowing preliminary funding for immediate planning and assessment.
Focuses on future resilience by allowing up to 30% of funds for mitigation activities and enforcing stricter construction and insurance standards in high-risk areas.
Expired
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