Some $275 million of the allocation has been destined to the Catholic church and its dioceses on the island.
The funding will go toward operating two programs: a collateral support program and a loan participation program for small businesses.
In addition, 11 vouchers were awarded under the Materials Assistance Program.
FHA foreclosure avoidance options have been expanded and extended.
The contract has a term of three years, with an option to extend for an additional 24 months.
Amendments aim to benefit the middle class and businesses, as well as simplify the filing process.
FEMA, the SBA and the National Flood Insurance Program have provided assistance.
The total cost of the project is estimated at more than $417 million in FEMA funding.
In November 2022, Puerto Rico’s inter-annual inflation was set at 6.3%.
This is the first time the Treasury Department will have a centralized system.
The plant services about 475,000 residents in the Toa Alta region, which comprises six municipalities.
The law amends the Incentives Code by increasing tax credit limits for film projects.
The SBA offers disaster loans with no interests and no required payments for the first year.
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