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HUD Announces Disaster Assistance for Iowa, Nebraska Floods


floodingThe U.S. Department of Housing and Urban Development [1] (HUD) announced Friday that it will speed up federal disaster assistance to the states of Iowa [2] and Nebraska [3] in order to provide support to homeowners and low-income renters impacted by the severe storms and flooding [4] that have impacted those regions.

This follows on President Trump's issuance of major disaster declarations in March for the counties of Fremont, Harrison, Mills, Monona, and Woodbury in Iowa and Boone, Buffalo, Butler, Cass, Colfax, Custer, Dodge, Douglas, Knox, Nemaha, Richardson, Santee Indian Reservation, Sarpy, Saunders, Thurston, and Washington in Nebraska. The Midwestern U.S. states experienced major flooding in March 2019 along the Missouri River, with the floods having caused an estimated $2.9 billion in damages in Iowa and $1.3 billion in Nebraska.

HUD's disaster assistance will include foreclosure relief and other assistance to qualifying families living within the affected areas, including:

The topic of how the industry should prepare for and respond to disasters such as this one will be explored thoroughly at the upcoming Five Star Disaster Preparedness Symposium [5], to be hosted June 5-6, 2019, at the Hotel Monteleone in New Orleans. The Symposium is designed to provide an opportunity for mortgage industry leaders and executives to engage in critical conversations on diligence and preparedness, so the next time natural disaster strikes, the industry will be ready to lend the proper support. You can register for the Disaster Preparedness Symposium here [6].