HUD announces $973 million to promote recovery in Gulf Coast areas
Housing and Urban Development Secretary Alphonso Jackson and Donald E. Powell, Federal Coordinator for Gulf Coast Rebuilding, announced $973 million in disaster funding to help Texas, Alabama, Florida, and Mississippi to recover from last year's hurricanes. The emergency funding is provided through HUD's Community Development Block Grant (CDBG) Program and is part of President Bush's commitment to support the states in their rebuilding efforts. HUD is allocating the following CDBG assistance to four Gulf Coast states.

Texas-$428,671,849

Alabama-$21,225,574

Florida-$100,066,518

Mississippi-$423,036,059

These states are using these funds to develop plans that include helping thousands of homeowners, promoting affordable rental housing, and restoring critical infrastructure.

Source: RISMedia