HUD has approved a $74.4 million recovery plan to help hard-hit Alabama communities implement their rebuilding strategies following last summer's Hurricane Katrina.
HUD's approval of Alabama's plan will allow local communities to accelerate their efforts to restore housing, infrastructure and jobs in some of the hardest-hit areas of the state, according to HUD Secretary Alphonso Jackson.
"This funding will go a long way toward helping some of Alabama's hardest-hit communities to ramp up their recovery efforts," said Jackson. "Whether it's giving a boost to local job markets or helping families to rebuild their homes, HUD's in this for the long haul."
Alabama's recovery plan will be funded through HUD's Community Development Block Grant (CDBG) program.
As we told you in March, HUD announced it would provide $11.5 billion in emergency disaster funding to five Gulf Coast states--Louisiana, Mississippi, Florida, Alabama and Texas--through HUD's CDBG program to assist them in their long-term recovery efforts (see Mortgage Banking, March 2006, p. 10).
The HUD-approved Alabama plan provides $74.4 million to address the significant long-term rebuilding challenges of the state's most severely affected communities. In Bayou La Batre and other parts of Mobile County, for example, rebuilding damaged or destroyed infrastructure and housing will require the CDBG program's comprehensive, adaptable approach, noted Rep. Spencer Bachus (R-Alabama) in a statement.
"This CDBG funding will provide...