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HUD Announces Additional $5 Billion in Recovery Funds for Those Impacted by Sandy

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• There will be additional requirements for major infrastructure projects benefitting multiple counties or having a total cost of at least $50 million including a CDBG-DR investment of at least $10 million, including:

• Identifying projects in their Action Plan,

• Demonstrating that the project was selected through regional collaboration; and,

• Evaluating covered infrastructure projects using the collaborative risk analysis developed through the Rebuild by Design Competition.

Obligations or expenditures for infrastructure projects will only be approved once the grantee’s comprehensive risk assessment has been completed and it has demonstrated, to the satisfaction of the Secretary, that the selection and design of the proposed project or projects is consistent with, and supported by, the assessment. Following the grantee’s submission of an action plan describing how funds will be used, HUD will conduct an expedited review to enable funds to be accessed as quickly as possible. HUD has worked closely with state and local partners throughout this process to facilitate action plans being approved as soon as possible.

For more information, visit www.hud.gov.

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