The Federal Emergency Management Agency (FEMA) announced it has awarded nearly $26.2 million to the municipality of Yabucoa to rebuild the Félix “Nacho” Millán baseball stadium. This obligation is an addition to the more than $41 million that has been allocated to the municipality to date for 61 other permanent work projects. “This obligation marks […]
The Central Office for Recovery, Reconstruction and Resilience (COR3) carried out a series of orientation sessions on the management of funds under sections 428 and 406 of the Federal Emergency Management Agency (FEMA) Public Assistance program. “We’re at an important moment in which agencies, municipalities and nonprofit organizations are developing new reconstruction projects, and there […]
All changes to the Central Office of Recovery, Reconstruction and Resiliency’s (COR3) Chapter 7 internal policies on disbursement processes and cash handling are already in force to streamline procedures related to Requests for Reimbursements (RFR) and Requests for Advances (RFA) for reconstruction projects required under funds allocated by the Federal Emergency Management Agency (FEMA), the […]
The Central Office of Recovery, Reconstruction and Resiliency (COR3) announced the availability of transitional positions for recent undegraduate or master’s degree college graduates in several areas. Agency Executive Director Manuel Laboy said the goal is to continue strengthening the work team in charge of facilitating the processes related to Puerto Rico’s reconstruction efforts. “We currently […]
Municipalities, government agencies and nonprofit organizations in Puerto Rico have completed 337 permanent works projects with funds allocated under the Federal Emergency Management Agency’s Public Assistance program, the Central Office of Recovery, Reconstruction and Resiliency (COR3) confirmed. “FEMA has obligated more than $24 billion under the Public Assistance program, including more than $18 billion for […]
The Central Office of Recovery, Reconstruction and Resiliency (COR3) is “focused on reaching the goal to allocate the $4 billion in Hazard Mitigation Grant Program funds assigned by the Federal Emergency Management Agency (FEMA) on or before Oct. 31. Agency Executive Director Manuel Laboy rejected comments that the funds are at risk. “We’re working full […]
The Puerto Rico Industrial Development Company (PRIDCO, in Spanish) has been assigned $93 million from the Federal Emergency Management Agency (FEMA) to begin reconstruction and revitalization of commercial properties affected after the passage of Hurricanes Irma and María in 2017. PRIDCO Executive Director Javier Bayón-Torres said the allocation will benefit 54 mandatory projects throughout the […]
Several sports facilities in Aguadilla, Aibonito, Barranquitas, Carolina and Toa Baja will be repaired using an obligation of nearly $13.3 million in funds from the Federal Emergency Management Agency (FEMA). Some of these are in the design and planning process, while work in others has already been completed. “In addition to serving as places for […]
There are currently 168 projects underway to rehabilitate the areas and structures that were affected by the 2020 earthquakes along Puerto Rico’s southern region, the Federal Emergency Management Agency (FEMA) said. Projects include allocations for the municipalities of Mayagüez and Ponce. About $185,000 from the agency are earmarked to repair the Castilo Serralés, the Salazar […]
The Public Private Partnership Authority recently awarded global consulting and digital services provider ICF a new $46 million contract to provide services to support long-term disaster recovery from Hurricanes Irma and María and hazard mitigation efforts to protect against future disasters, it announced. The contract, which is administered by the Central Office of Recovery, Reconstruction […]
The Central Office of Recovery, Reconstruction and Resiliency (COR3) confirmed that disbursements to municipalities under the permanent works categories and participants of the Federal Emergency Management Agency’s (FEMA) Public Assistance Program reflected a 26% year-over-year increase during the first quarter, versus the same period in 2020. Agency Executive Director Manuel A. Laboy said that some […]
Representatives from the Central Office of Recovery, Reconstruction and Resiliency (COR3, in Spanish) recently participated in the Hazard Mitigation Sprint Meeting to establish a joint plan with the Federal Emergency Management Agency to “expedite and maximize” the use of some $4 billion earmarked for the Hazard Mitigation Grant Program. “During the past months, COR3 has […]
Government officials announced the approval of the guidelines required to use $750 million in revolving funds, to move forward on permanent work projects under the Public Assistance Program of the Federal Emergency Management Agency (FEMA). AAFAF Executive Director Omar J. Marrero, and the Central Office of Recovery, Reconstruction and Resiliency (COR3, in Spanish) Executive Director […]
The Central Office of Recovery, Reconstruction and Resiliency (COR3, in Spanish) will start offering a series of online trainings related to the Puerto Rico Disaster Recovery Solution system, open to officials of state agencies, municipalities and nonprofit entities, classified as eligible for the allocation of funds from Federal Emergency Management Agency’s Public Assistance Program. COR3 […]
The Federal Emergency Management Agency, in coordination with the Puerto Rico Central Office for Recovery, Reconstruction and Resilience, or COR3, obligated more than $26.2 million in funds to the Puerto Rico Electric Power Authority (PREPA) under the Agency’s Hazard Mitigation Grant Program. These funds are for the engineering and design phase to install a new combined cycle […]
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA