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HUD ANNOUNCES DISASTER ASSISTANCE FOR IOWA STORM VICTIMS |
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From HUD Press Releases: U.S. Housing and Urban Development Deputy Secretary Roy A. Bernardi today announced HUD will speed federal disaster assistance to the State of Iowa and provide support to homeowners and low-income renters forced from their homes following severe storms, tornadoes, and flooding. This assistance includes foreclosure relief for families whose homes are insured through HUD's Federal Housing Administration (FHA). President Bush's disaster declaration triggers a variety of federal assistance including grants for temporary housing and home repairs, low-cost loans to cover uninsured property losses, and other programs to help individuals and business owners recover from the effects of the disaster. "Whether it's foreclosure relief for FHA-insured families or helping these communities to rebuild, HUD stands ready to help in any way we can." "The last thing some of these families need to worry about is how to pay a mortgage on a home that's been severely damaged or destroyed. The President's disaster declaration also gives the State of Iowa the tools it needs to begin the rebuilding process." Offering the State of Iowa the ability to re-allocate existing federal resources toward disaster relief - HUD's Community Development Block Grant (CDBG) and HOME programs give the State the flexibility to redirect millions of dollars to address critical needs, including housing and services for tornado victims. HUD is the nation's housing agency committed to increasing homeownership, particularly among minorities; creating affordable housing opportunities for low-income Americans; and supporting the homeless, elderly, people with disabilities and people living with AIDS.
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