Federal officials announced on Monday that Metro will receive a $10.7 million community development block grant, funds that will help boost Mayor Karl Dean’s initiative to help homeowners rebuild following May’s flood.
U.S. Housing and Urban Development Secretary Shaun Donovan said Metro is one of eight entities to share $50 million in disaster funding. Nashville received the second largest award behind the state of Kentucky.
“This is significant for our city and more important, for the many Nashville residents who still need assistance with rebuilding their homes and lives after the May flood,” Dean said in a written statement.
The majority of funds are to go toward Dean’s “We Are Home” program, which seeks to aid flood victims still facing significant home-repair payments even after receiving aid from the Federal Emergency Management Agency and the U.S. Small Business Administration.
So far, more than 100 flood victims have benefited from the program in the form of low-interest loans or grants. The average award has been more than $20,000.