RALEIGH – The U.S. Department of Housing and Urban Development (HUD) has approved North Carolina’s Action Plan for a $1.4 billion grant to help western North Carolina rebuild following Hurricane Helene. When compared to other states’ performance over the past decade, North Carolina submitted its Helene Action Plan to HUD in the shortest amount of time following a major hurricane.
Approving the Action Plan was the required next step for North Carolina to receive federal funds from the CDBG-DR grant award, which was first announced in January. Once HUD certifies the state’s financial controls for the program, North Carolina can sign the grant agreement and begin committing these funds with a focus on housing and economic revitalization.
CDBG-DR grants focus on long-term rebuilding rather than immediate needs for shelter and are considered ‘last resort’ funds to be used after other recovery sources have been tapped, such as private insurance.
CDBG-DR grants address unmet needs in three core areas of recovery – housing, infrastructure, and economic revitalization. The Helene Action Plan proposes most funds go to housing recovery for low- and moderate-income residents, with the rest for infrastructure rebuilding and economic development.
CDBG-DR grants focus on long-term rebuilding rather than immediate needs for shelter and are considered ‘last resort’ funds to be used after other recovery sources have been tapped, such as private insurance. CDBG-DR grants address unmet needs in three core areas of recovery – housing, infrastructure, and economic revitalization.
The Helene Action Plan proposes most funds go to housing recovery for low- and moderate-income residents, with the rest for infrastructure rebuilding and economic development.
