HUD has issued a notice on the “Second Allocation, Waivers, and Alternative Requirements for Grantees Receiving Community Development Block Grant (CDBG) Disaster Recovery Funds in Response to Hurricane Sandy.” Released on November 18, the notice announced a $5.1 billion allocation that can be used to address the ongoing recovery from presidentially declared disasters that occurred in 2011, 2012, and 2013, which includes Super Storm Sandy. The effective date for the notice is November 25. Funds must be used within two years of the obligation of funds, and no later than September 30, 2017.
The notice requires grantees to submit a substantial amendment to their previously approved action plans, indicating how the new round of funds will be used, and how so within the required timeframe. Grantees also are required to specify how funds will be used to address outstanding needs of HUD-assisted housing, other than housing operated by public housing agencies which already is required, as well as for other types of subsidized or tax credit-financed properties.
The HUD notice is available at: http://1.usa.gov/17TZ4El