HUD Considers Relocation for Displaced Puerto Ricans

  • November 08, 2017

The Department of Housing and Urban Development (HUD) has opened the discussion on how to accommodate the displaced Puerto Rican population.  Since September, much of the island of Puerto Rico remains without power, drinking water, and other essential utilities.  Many buildings are irreparably damaged from the storm, as are thousands of miles of roads.  Any relocation efforts face significant logistical challenges.

On October 25th, Puerto Rico Governor Ricardo Rossello requested Transitional Sheltering Assistance (TSA) from the Federal Emergency Management Agency.  In some cases, TSA funds can be used as hotel vouchers in areas outside of the declared disaster area.  In the case of Puerto Rico, there are very few hotels left unscathed by Hurricane Maria.  At this time, the request remains under review. 

Many Puerto Ricans are evacuating to the nearby contiguous United States, specifically Florida.  Florida Governor Rick Scott announced that as of October 3rd, more than 73,000 Puerto Ricans had entered the state through the Miami and Orlando airports and the Port Everglades seaport.  Florida’s disaster relief centers will also require funding to continue operating and providing assistance to evacuees. 

While relocation could be a short-term option for those impacted by Hurricane Maria, long-term recovery remains uncertain.  In 2005, more than 145,000 temporary housing units were distributed to victims of Hurricane Katrina, and ended up housing displaced throughout the Gulf Coast for almost seven years.  Even if FEMA distributes TSA Funds, repairing Puerto Rico’s power grid will take months or longer.  HUD and FEMA will continue to weigh options and work diligently to provide a sustainable, long-term solution.


Sources: Bloomberg, HousingWire

Gerry Houseknecht
Loan Officer
NMLS # 91019
Branch NMLS # 1627273
GA 66186

Gerry Houseknecht

PHONE: (984) 239-2906

CMG Image
© CMG Financial, All Rights Reserved. CMG Financial is a registered trade name of CMG Mortgage, Inc., NMLS ID #1820 in most, but not all states. CMG Mortgage, Inc. is an equal opportunity lender with corporate office located at 3160 Crow Canyon Road, Suite 400, San Ramon, CA 94583 888-264-4663. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act No. 4150025; AK #AK1820; AZ #0903132; Colorado regulated by the Division of Real Estate; Georgia Residential Mortgage Licensee #15438; Illinois Residential Mortgage Licensee; Kansas Licensed Mortgage Company #MC.0001160; Massachusetts Mortgage Lender License #MC1820 and Mortgage Broker License #MC1820; Mississippi Licensed Mortgage Company Licensed by the Mississippi Department of Banking and Consumer Finance; Licensed by the New Hampshire Banking Department; Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker – NYS Department of Financial Services; Ohio Mortgage Broker Act Mortgage Banker Exemption #MBMB.850204.000; Licensed by the Oregon Division of Financial Regulation #ML-3000; Rhode Island Licensed Lender #20142986LL; and Licensed by the Virginia State Corporation Commission #MC-5521. CMG Mortgage, Inc. is licensed in all 50 states and the District of Columbia. Offer of credit is subject to credit approval. For information about our company, please visit us at www.cmgfi.com. To verify our complete list of state licenses, please visit www.cmgfi.com/corporate/licensing and NMLS Consumer Access (www.nmlsconsumeraccess.org).