President Joe Biden’s administration would be willing to disburse billions in disaster recovery and protection funds for Puerto Rico, the New York Times reported.
Biden would release $ 1.3 billion in aid for protection in future climate disaster cases and remove restrictions imposed by the administration of former President Donald Trump on the disbursement of money aimed at reconstruction after Hurricane Maria.
As reported by the media, this money is part of more than $ 20 billion that was allocated to the Island through the Federal Department of Housing (HUD) and the CDBG-DR program.
Biden Administration officials described this as a first step in combating racial inequity imposed through policies designed to combat climate change.
The main reasons Trump imposed restrictions on the disbursement of money, according to experts consulted by the media, was the island’s inability to handle large amounts of money and that could lead to mismanagement of funds.
This is developing news.
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