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Fri Feb 9, 2018, 08:02 PM

Puerto Rico says to receive $16 billion in federal disaster aid

Source: Reuters

#U.S. FEBRUARY 9, 2018 / 7:37 PM / UPDATED 7 MINUTES AGO

Puerto Rico says to receive $16 billion in federal disaster aid

Nick Brown
3 MIN READ

(Reuters) - Puerto Rico said on Friday it will receive $16 billion in federal aid under a disaster recovery package signed on Friday by U.S. President Donald Trump.

That money includes nearly $7 billion announced on Wednesday and will help the bankrupt U.S. territory recover from Septemberís Hurricane Maria, according to a statement on Friday from Governor Ricardo Rossello and Jenniffer Gonzalez, Puerto Ricoís nonvoting member of the U.S. Congress.

Rossello said on Wednesday that Puerto Rico would get $4.9 billion to shore up its near-insolvent Medicaid system and another $2 billion or so under the Community Development Block Grant (CDBG) program to repair its destroyed electric grid.

On Friday, Rossello and Gonzalez said the island would receive a total of $11 billion under CDBG, a program run by the U.S. Department of Housing and Urban Development. The additional portion would be used to help local businesses and repair and build new homes, they said..

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Read more: https://www.reuters.com/article/us-puertorico-storm-aid/puerto-rico-says-to-receive-16-billion-in-federal-disaster-aid-idUSKBN1FU00V

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