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Disaster aid extended to condominiums, housing cooperatives, and common interest communities.

This Act expands federal disaster assistance to include residential common interest communities, condominiums, and housing cooperatives, which previously faced difficulties in securing such support. This means homeowners in these types of properties will be eligible for financial aid to repair essential common elements, such as roofs or utilities, following a major disaster declaration. The changes aim to ensure fairer access to disaster relief funds for millions of Americans residing in these communities.
Key points
Residential common interest communities, condominiums, and housing cooperatives are now eligible for federal disaster assistance.
Aid covers the repair of essential common elements (e.g., roofs, exterior walls, elevators, utilities) damaged by a major disaster.
Debris removal from common areas will be deemed in the public interest if it poses a threat to life or public health, facilitating faster post-disaster cleanup.
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Additional Information
Print number: 118_S_5514
Sponsor: Sen. Budd, Ted [R-NC]
Process start date: 2024-12-12