HUD Awards $1.5B to Help Puerto Rico Hurricane Recovery

HUD AWARDS PUERTO RICO $1.5 BILLION FOR HURRICANE RECOVERY

(CNN) – A financial lifeline for hurricane-devastated Puerto Rico.

The U.S. Department of Housing and Urban Development says it’s awarding the island one-and-a-half billion dollars to help it recover from hurricanes Irma and Maria.

The money will be used as grants to support long-term recovery of seriously damaged homes and businesses in Puerto Rico.

Housing Secretary Ben Carson says HUD will also cut red tape to speed up Puerto Rico’s recovery.

Carson says that will be done through reducing regulatory barriers and other roadblocks.

Officials said earlier this week that nearly half a million customers remain without power in Puerto Rico, more than four months after Maria hit the island.

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