The wide-spread and wide-scale destruction to homes, community organizations, and businesses in the wake of a major disaster cannot be overstated.
All across the United States, countless communities have been faced with the daunting task of rebuilding. Federal, state and local leaders, planning and housing authorities, utility companies, insurance agents, and property owners are faced with the challenge of balancing the need to quickly get displaced families back in their homes while assessing long-term sustainability land-use issues and ensuring that rebuilding practices are meeting the most up-to-date building codes for resiliency and mitigation standards.
- Special populations, including low-income families and seniors, individuals with disabilities, immigrant populations, are at an even greater risk of being displaced from their homes for a protracted period of time.
- Working and middle-class families whose homes are severely damaged in a disaster face the real threat of entering into a cascading cycle of poverty due to the overwhelming hardship of being temporarily displaced and the crushing demands of financing the rebuild of their homes and small businesses.
- Financial resources for rebuilding may be available from:
- FEMAFederal Emergency Management Agency grants for individuals;
- FEMAFederal Emergency Management Agency’s Hazard Mitigation Grant Program for communities;
- Small Business Association loans;
- HUDFederal Office of Housing and Urban Development grants and 203(h) and 203(k) mortgages;
- State Community Development Block Grants (federal disaster funding);
- Homeowners insurance;
- National Flood Insurance Program; and
- Grants from Long Term Recovery Groups (last resort funding).