The funds will be given through HUD’s Community Development Block Grant Program which supports long-term disaster recovery efforts in areas with the greatest extent of “unmet need.” In this particular case, the counties that were most damaged were Boulder, Weld and Larimer.
“This is an initial downpayment toward helping homeowners and businesses get back on their feet,” said Donovan. “While we can never truly replace the homes and businesses that were lost because of this natural disaster, it’s my hope that these funds will help Coloradans move forward with rebuilding their lives and their communities.”
HUD’s CDBG-Disaster Recovery grants are intended to confront housing, business and infrastructure needs beyond those addressed by other forms of public and private assistance.
Based upon currently available disaster data, 80% of the recovery funds must be spent in the counties of Boulder, Weld, and Larimer. As more damage data becomes available, HUD anticipates it will provide the state additional recovery funds in 2014.
“These much needed funds will help flood-impacted communities make critical repairs and improvements to infrastructure, housing and help to boost economic development,” says Colorado Gov. John Hickenlooper.