HUD has announced disaster assistance for those affected by Hurricane Sandy in New York, New Jersey, and Connecticut.
This assistance will:
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Give states the flexibility to redirect millions of Community Development Block Grant and HOME program dollars to address critical needs, including housing and services for disaster victims. -
Grant a 90-day moratorium on foreclosures of FHA-insured homes -
Make mortgage insurance available under HUD’s Section 203(h) program -
Make insurance available for both mortgages and home rehabilitation under HUD’s Section 203(k) program -
Offer Section 108 loan guarantee assistance
