NC's Hurricane Helene Recovery: Funding Gap & Temporary Housing
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Hurricane Helenes Impact: North Carolinas Renew NC Program Struggles with Funding and Housing Shortages
The Renew NC program in North Carolina, aimed at rebuilding homes damaged by Hurricane Helene, is facing significant challenges. With only 30 homes completed out of 3,500 active applications, the program is far behind schedule. The estimated cost of rebuilding is around $1 billion, with $722 million currently available. Lawmakers have expressed concerns about the slow pace of rebuilding and the potential for the program to drag on for over a decade. One of the main obstacles is the low rental vacancy rate, which has led many homeowners to refuse to leave their damaged homes. To address this issue, the state is planning to roll out $60 million in temporary housing aid for low-income applicants in the coming days.
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