Nearly $2 Billion in Direct Assistance to more than 28,000 homeowners whose homes were either damaged or destroyed
Soon after Hurricane Katrina, the U.S. Congress and the President appropriated more than $5 billion to assist Mississippi’s storm recovery. Composed of flexible Community Development Block Grants (CDBG), this recovery program is specifically targeted at rebuilding housing, repairing public infrastructure, and rejuvenating the local economy.
To date, the Disaster Recovery Division has approved almost $2 billion in direct assistance to more than 28,000 homeowners whose houses were either damaged or destroyed by Hurricane Katrina’s storm surge.
Small Rental, Long Term Workforce Housing, and Public Housing initiatives, comprised of $700 million of the CDBG package, together are helping to produce or finance around 15,000 low and moderate income housing properties.
On the community infrastructure side, the CDBG package is funding almost $1.4 billion in various locally-driven recovery initiatives. This includes job creation through economic revitalization projects, restoration of public buildings, and critical public infrastructure including the severely storm damaged Port of Gulfport. |