Tag: billion

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FEMA Commits Additional $3.2 Billion Toward Utility, Road Paving and Education Projects in the U.S. Virgin Islands

FEMA Commits Additional $3.2 Billion Toward Utility, Road Paving and Education Projects in the U.S. Virgin Islands ST. CROIX, U.S. Virgin Islands – The recent obligation of $3.2 billion toward projects to rebuild the potable water distribution system and repave roads across St. Croix and replace the utility’s metering infrastructure in the U.S. Virgin Islands, highlights FEMA’s continued partnership with the Government of the Virgin Islands in strengthening critical infrastructure damaged during hurricanes Irma and Maria in September 2017.    The St. Croix island-wide potable water distribution system replacement project with a FEMA obligation of $1.25 billion provides the Territory
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Los Angeles County Wildfire Recovery Continues with Over $3 Billion in Federal Support

Los Angeles County Wildfire Recovery Continues with Over $3 Billion in Federal Support LOS ANGELES – As of June 6, just under five months since the Los Angeles County wildfires were declared, FEMA, along with our federal partners, have made over $3 billion available for eligible homeowners, renters, and businesses who have been impacted by the disaster. This total includes: Individual Assistance  To date, FEMA has approved over $136 million to help 57,813 survivors recover through the Individual Assistance program, including more than $42 million for Housing Assistance and more than $93 million for Other Needs Assistance paid directly to survivors.  FEMA’s Rental Assistance  FEMA’s Rental Assistance
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Federal Support for Wildfire Survivors Tops $2 Billion

Federal Support for Wildfire Survivors Tops $2 Billion LOS ANGELES – As of March 25, just over two months since the Los Angeles County wildfires were declared a major disaster by the president, FEMA and its federal partners have made more than $2 billion available to disaster survivors. Federal assistance to eligible homeowners, renters, and businesses, in the form of FEMA grants and low-interest SBA Disaster Loans, has topped $2 billion. That number includes: $101 million in FEMA housing and other needs assistance. $2 billion in home and business loan offers from the SBA, the largest source of federal disaster
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FEMA Obligates $1.02 Billion for Critical Repairs and Replacement of Territory’s 911 Communication Towers and Power Plants

FEMA Obligates $1.02 Billion for Critical Repairs and Replacement of Territory’s 911 Communication Towers and Power Plants ST. THOMAS, U.S. Virgin Islands – FEMA, along with the Government of the U.S. Virgin Islands (GVI) and the Virgin Islands Office of Disaster Recovery (ODR), announce several recent key obligations of additional funding to assist the Territory in its recovery from hurricanes Irma and Maria. $161.5 million has been obligated for the repair and replacement of communication towers on the islands of St. Croix, St. Thomas, and St. John, $205.9 million to support the replacement of generation units at the Randolph Harley
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FEMA Awards $1 Billion in Public Assistance Funds Following Hurricane Milton

FEMA Awards $1 Billion in Public Assistance Funds Following Hurricane Milton TALLAHASSEE, Fla. – FEMA has obligated over $1 billion in Public Assistance funds to aid Florida’s recovery from Hurricane Milton. Reaching this milestone, in just over two months after the hurricane’s major disaster declaration on Oct. 11, has never been done before in Florida. This rapid response highlights the partnership with the State of Florida to aid local governments’ efforts to help communities recover. These funds include costs that the state and local jurisdictions spent on debris removal and emergency protective measures. As of Dec. 20, the state of
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Hurricane Helene Flood Insurance Payments Surpasses $1 Billion

Hurricane Helene Flood Insurance Payments Surpasses $1 Billion FEMA Encourages Florida Policyholders to Take Advantage of Extended Grace Period to Renew WASHINGTON -- The National Flood Insurance Program (NFIP), administered by FEMA, has paid policyholders over $1.4 billion for flood losses stemming from Hurricane Helene recovery, with over 56,000 policyholders having filed claims following the storm’s landfall. FEMA estimates Hurricane Helene could potentially result in flood insurance claims losses between $3.5-$7 billion. These estimates are FEMA’s projections as of Nov. 12, 2024 and are subject to change. The losses include flood insurance claims received from six states, with the majority of