HUD cuts red tape to speed relief to hard-hit flood areas in Iowa

U.S. Housing and Urban Development Secretary Steve Preston today agreed to allow Iowa to spend approximately $26 million in Community Development Block Grant (CDBG) funding more quickly, thereby speeding relief to flood-ravaged areas of the HawkeyeState. Preston granted several waivers that will give Iowa substantial flexibility to overcome regulatory and legal hurdles and accelerate the pace of recovery in 85 counties that were devastated by severe storms, tornadoes and flooding.

To read the complete details, please visit: http://www.hud.gov/news/release.cfm?content=pr08-129.cfm