HUD has announced disaster relief priorities for survivors of Hurricane Harvey, and those priorities include long-term housing needs for those displaced by the disaster.
According to a press release published on the HUD official site, the Department of Housing and Urban Development is the “lead federal coordinating agency for long-term disaster-related housing needs resulting from Hurricane Harvey. Federal partners are working closely with the Texas state-led housing task force, as well as other state, local, tribal and voluntary agencies, to meet the need for quality affordable rental homes.”
Post-Harvey disaster recovery efforts are, as you can see from the quote above, far-reaching. Those who have been displaced may be eligible for FEMA assistance, and HUD urges all in hurricane affected areas to contact FEMA to determine what they may be entitled to.
There are many other forms of help available, according to the press release:
“HUD is immediately assisting those displaced from public housing and multifamily subsidized rental units. Immediate foreclosure relief may also be available for Texas residents. HUD is granting a 90-day moratorium on foreclosures and forbearance on foreclosures of Federal Housing Administration (FHA)-insured home mortgages.”
There is a variety of other help available, including FHA loans for replacing or restoring a home damaged by Hurricane Harvey in the Federally-declared disaster area. The press release says assistance options include (are are not limited to) the following:
“Making mortgage insurance available: HUD provides FHA insurance to disaster victims who have lost their homes and are facing the daunting task of rebuilding or buying another home. Borrowers from participating FHA-approved lenders may be eligible for 100 percent financing…”
“Making insurance available for both mortgages and home rehabilitation: HUD’s Section 203(k) loan program enables those who have lost their homes to finance the purchase or refinance of a house along with its repair through a single mortgage. It also allows homeowners who have damaged houses to finance the rehabilitation of their existing single-family home…”
One important non-HUD option comes via the FEMA Individuals and Households Program. This offers “financial assistance in the form of grants to survivors with uninsured or under-insured flood related losses. To-date, more than 176,000 individuals and households have been approved for more than $141 million in assistance. Of that amount, $50 million is approved for housing assistance, such as rental assistance. Survivors may use the rental assistance to obtain temporary housing such as a house, apartment, hotel, motel, or other readily-available dwelling for rent by the public” according to HUD.gov.