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St. Louis details recovery funds, creates recovery office to coordinate long-term rebuild
Summary
City officials outlined a package of local and state funding, the creation of a recovery office and near-term programs aimed at housing stabilization, home repairs and broader neighborhood restoration after the May 16 tornado.
City officials announced a series of funding allocations and a new recovery office designed to coordinate long-term relief and rebuilding after the May 16 tornado.
The chief recovery officer, Julian Nicks, said the city secured several streams of support, including $30,000,000 in Grama-settlement interest approved by the Board of Aldermen, about $25,000,000 through the Missouri Housing Development Commission and an additional $100,000,000 from the state that is still being finalized. “We know the damage is way more extensive than the number of dollars that we have,” Nicks said, adding the estimated damage ranges “between 1 to 2,000,000,000.”
Nicks said Mayor Spencer announced the establishment of a dedicated recovery office to lead…
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