HUD would gain a permanent disaster recovery fund

What does this do?

This bill sets up a permanent government fund that HUD can use to send money to states, cities, and Native American tribes after major disasters. The funds can go toward rebuilding housing, restoring infrastructure, strengthening local economies, and reducing future disaster risk. A new office inside HUD would focus specifically on disaster preparedness and recovery.

Who does it affect?

Low- and moderate-income households, renters, and homeowners recovering from presidentially declared major disasters are the primary focus, especially those in the most heavily damaged communities. States, cities, and Native American tribes would receive and manage the grant funding.

Why does it matter?

Without a permanent dedicated fund, disaster recovery money has required repeated separate action each time a disaster occurs. The data-sharing requirement between HUD, FEMA, and the Small Business Administration is intended to prevent disaster survivors from accidentally receiving duplicate payments from different programs.

What does it cost, and who pays?

• 70%+ per grant for low/moderate-income
• Up to 30% for disaster resilience

Where does it stand?