Texas to receive nearly $58 million in federal housing funds
Neal Rackleff is HUD’s assistant secretary for community planning and development. He said in a conference call Friday that the funds could be used to help buy out homeowners living in 100-year flood zones and help others rebuild.
HUD hopes Texas can begin meeting unmet housing needs in 13 Harvey-affected counties by mid-December. The state’s plans must pass a citizen review before being submitted to HUD for approval.
Rackleff says the federal agency is still trying to decide where to spend an additional $7.4 billion allocated by Congress in September for storm recovery efforts in Texas, Florida, Puerto Rico and the U.S. Virgin Islands.