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Funding Our Future

CDBG-DR is a federally funded program, through the Department of Housing & Urban Development (HUD) that is comprised, locally, of four main active divisions: Housing, Infrastructure, Economic Revitalization, and Public Services & Facilities.

What is CDBG-DR?

Hurricanes Irma and Maria had a devastating impact on the United States Virgin Islands. The two back-to-back Category 5 storms in September 2017 caused significant destruction to housing, infrastructure, and the economy. HUD’s Community Development Block Grant Disaster Recovery (CDBG-DR) provides funding for unmet needs after Federal Emergency Management Agency (FEMA) funds, insurance, and other federal or private sources are accounted for, with a focus on the needs of low- and moderate-income residents and businesses.
 
This money is managed by the U.S. Virgin Islands Housing Finance Authority (VIHFA) and spending is prioritized in programs designed through the U.S Virgin Islands Community Development Block Grant Disaster Recovery Action Plan. This plan proposes a portfolio of programs to address unmet housing, public service, infrastructure, and economic needs.

What is CDBG-DR?

CDBG-DR funds are intended by HUD to address:

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CDBG-DR Projects

CDBG-DR

New Housing Infrastructure and Construction

This option will also administer CDBG-DR funding to support first-time homebuyers with the construction of a single-family home on their existing property. Qualified Applicants may be eligible to receive financial assistance in the form of a grant to be used towards the construction of a new home on their existing property, including eligible prepaid and/or closing costs. Assistance amount will be limited to the amount necessary to achieve homeownership. Assistance will be provided in the form of a grant, secured with a lien on the property for the CDBG-DR assistance through a Deed of Mortgage and Restrictive Covenants, for twenty (20) year affordability period.  Applicants must have been a resident of the Territory at the time of the disaster (this would be evidenced by the 2018 Income Tax Return stamped in the Territory or a lease and/or utility bill) and demonstrate they are mortgage-ready with incomes less than 80% AMI

CDBG-MITIGATION

CDBG-ELECTRICAL

Press Releases

Early Notice and Public Review of a Proposed Activity in a Federal Flood Risk Management Standard Designated Floodplain

Early Notice And Public Review Of A Proposed Activity In A 100-year Floodplain

VIHFA Receives HUD Approval on Mitigation Substantial Amendment Paves the Way for Vitol Acquisition

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STT Meet and Greet with CDBG-DR

Grab a bite and learn how CDBG-DR can help grow your construction business. Meet the team and hear about other contractors’ experience bidding with CDBG. Opportunities await!

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