CoStar News
Summary: The U.S. Department of Housing and Urban Development (HUD) and the Federal Emergency Management Agency (FEMA) have launched the Pre-Disaster Housing Initiative to help states better prepare for housing challenges following natural disasters. This program, prompted by devastating events like Hurricanes Helene and Milton, aims to boost post-disaster housing capabilities and protect people and infrastructure. Initially, the initiative will provide eight months of technical assistance to officials in Kentucky, Michigan, and Missouri. Additionally, HUD extended foreclosure moratoriums for FHA-backed mortgages in disaster-affected areas through April 11.