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Sarasota County outlines $201.5 million Resilient SRQ housing recovery plan; homeowner aid to start soon

Sarasota County Board of County Commissioners · December 18, 2024
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Summary

County officials detailed how a $201.5 million HUD CDBG-DR allocation will be divided across affordable housing, homeowner reimbursement, rehabilitation and infrastructure, and said homeowner checks and rehabilitation projects will begin in the coming weeks.

Sarasota County officials on Dec. 18 described a multiyear program to repair and rebuild homes damaged by Hurricane Ian and subsequent 2024 storms after the county received a direct $201,500,000 allocation from the U.S. Department of Housing and Urban Development (HUD).

Steve Hyatt, division manager in the county—s Office of Financial Management, told commissioners the grant must meet HUD—s national objectives, including a requirement that 70% (about $141 million) benefit households at or below 80% of area median income. Hyatt said the board approved an action plan this year allocating the funds to multiple program buckets, including $39.2 million for a multifamily affordable housing program, $55 million for homeowner-focused recovery (including a $50,000…

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