Grant assistance to renters and homeowners whose primary residences were damaged or destroyed, or who face displacement from their homes. Aid can include grants for alternate rental housing, money for emergency repairs to make a home livable, and mortgage or rental assistance. These grants are cost-shared at 75 percent Federal funding and 25 percent State funding. HUD-directed partnership that brings together various government programs dealing with home building, manufacturing, and insurance and financial industries. PATH designs and constructs examples of housing that include disaster mitigation measures and technology that enhances energy efficiency, environmental performance, and affordability.
Renters are eligible for their personal property losses.
Available in Presidentially declared major disaster areas and disaster areas declared by the SBA Administrator. Loan amounts may be increased by up to 20 percent for mitigation measures. Assistance to make it easier to finance repairs or rehabilitation through participating lenders at prevailing interest rates. For disaster areas, HUD has expanded the debt ratio to 60 percent on FHA partial claims. Insured loans may be used to finance the purchase or reconstruction of a one-family home that will be the principal residence of the homeowner.