HUD earmarks additional $199.3 million in flood recovery
DENVER — The U.S. Department of Housing and Urban Development announced Friday that Colorado will receive an additional $199.3 million in flood recovery funds.
The money will support long-term disaster recovery where the greatest unmet needs are, mostly in Boulder, Weld and Larimer counties.
HUD provided $62.8 million in December, and with Friday’s funds, the total federal investment is $262.1 million. HUD Secretary Shaun Donovan joined Gov. John Hickenlooper and Sens. Mark Udall and Michael Bennet at the State Capitol to make the announcement.
“After visiting Lyons and Evans in December I promised HUD would do more to help the state recover,” Donovan said. “This additional money will fund a local vision to rebuild homes and businesses, repair badly damaged roads and bridges, and spur economic development. While we can never truly replace all that was lost, I remain committed to helping Colorado rebuild more resilient and better prepared for future storms.”
Added Hickenlooper: “From the beginning, HUD and our federal partners have been instrumental in investing in Colorado’s recovery. This second round of CDBG-DR funds is critical for families, businesses and economic development in the flood-impacted communities. We know we will never make whole those impacted by the floods, but these funds can help us build back sustainable, resilient communities for Colorado’s future.”
At least 80 percent of the Friday’s funds will be targeted in Boulder, Weld and Larimer counties, where about 2,800 homes suffered major or severe damage. Some of the funds can also target areas from the 2012 High Park and Waldo Canyon fires, and the 2013 Royal Gorge and Black Forest fires.
The state will finalize “action plans” on how it intends to use the funds.