HUD Assistance For Tornado Victims

According to a statement released yesterday, the Department of Housing and Urban Development will soon be offering assistance to families displaced by the recent catastrophic storms in Alabama and Missouri.  HUD will be selling nearly 90 of their REO properties at a discount to public housing authorities in affected areas.  Public housing authorities will then make these properties available for lease or sale to people whose own homes were destroyed in the storms.

“After witnessing first-hand the size and scope of the devastation in Alabama, I knew we must do more,” said [Secretary of HUD Shaun] Donovan. “For the first-time, HUD has designed a pilot program that will bring families affected by a significant disaster closer to stability by quickly providing them with an opportunity to purchase or lease a home. We hope to be able to use this draft purchase agreement as a model to assist other families displaced after a disaster.”

If you live in an affected area and are interested in taking advantage of this program, you should contact your local public housing authority.