For the second time since Hurricane María devastated Puerto Rico and the U.S. Virgin Islands, the Federal Housing Administration (FHA) announced that the agency is extending its 180-day foreclosure moratorium for FHA-insured homeowners for an additional 60 days due to the extensive damage and continuing needs in these hard-hit territories.
The U.S. Small Business Administration announced that more than $1 billion in low-interest disaster loans has been approved for 28,106 Puerto Rico residents and businesses recovering in the aftermath of Hurricanes Irma and María, which struck in September 2017.
Federal Communications Commission Chairman Ajit Pai will visit Puerto Rico and the U.S. Virgin Islands from March 7–10 to meet with local leaders and communications service providers and review the status of communications restoration efforts after the 2017 hurricane season, the agency confirmed.
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