HUD approves $1.5 billion in disaster recovery funds for Puerto Rico
SAN JUAN – Gov. Ricardo Rosselló announced that the U.S. Department of Housing and Urban Development (HUD) authorized the disbursement and use of $1.5 billion approved through the first Action Plan of the Community Development Block Grant-Disaster Recovery (CDBG-DR) program.
“During the past months both the Puerto Rico Department of Housing, and its secretary, Fernando Gil Enseñat, have worked hard to present the work plans and comply with all the parameters and requirements established by HUD. This notification certainly represents an endorsement of the work we have been doing as an administration. In addition to being a sign of confidence and credibility for the performance we have shown since day one,” Rosselló said in a release issued by his office, La Fortaleza.
Gil Enseñat explained that “three notifications were received from HUD where eighty percent of the funds are released after the state Department of Housing met the conditions established in the ‘Grant Agreement’ signed by the Governor and [HUD Secretary] Ben Carson in the month of September.”
La Fortaleza also said the use of the “Yardi financial program was approved through a non-competitive purchasing process which allows managing funds with an existing system while saving millions of dollars, all while shortening the time to ensure that the money arrives as quickly as possible to the Puerto Rican people.”
In addition, the use of the energy efficient construction standard, or “Green Permit,” was approved, according to the release.
“Since Puerto Rico suffered the worst hurricane in U.S. history, we have embarked on a long road to recovery, working hard and working hand in hand with all sectors to ensure that the island achieves the reconstruction it needs,” the said governor added.