Department of Finance Awarded $4.7M to Refurbish Offices on St. Thomas
The Office of Disaster Recovery announces that FEMA recently awarded the Department of Finance $4,694,496 to refurbish its offices on St. Thomas. The obligation will cover repairs to all five buildings and the parking area located in the historic district of Charlotte Amalie.
HUD Approves Territory’s $774M CDBG-Mitigation Action Plan
The United States Department of Housing and Urban Development approved the territory’s Community Development Block Grant – Mitigation (CDBG-MIT) Action Plan, giving the VIHFA authorization to spend $774 million (Tranche Four) for disaster mitigation and planning efforts.
2020 Annual Progress Report for Hurricanes Irma and Maria
The Office of Disaster Recovery, in conjunction with the Office of the Governor, announces the release of the 2020 Annual Recovery Progress Report for Hurricanes Irma and Maria. This year’s iteration marks the Territory’s forward momentum from September 2019 to September 2020.
Within the Virgin Islands Public Finance Authority serves as the center of coordination for the anticipated $8 billion of federal funding over the next few years to support recovery efforts from the 2017 Hurricanes Irma and Maria.