Puerto Rico Disaster Recovery Speeding Up

first_img Related Articles Share Save in Daily Dose, Featured, Loss Mitigation, News Sign up for DS News Daily  Print This Post According to Peter Brown, the White House special representative for Puerto Rico’s disaster recovery, the pace of federally funded projects to help hurricane and earthquake victims has quickened. However, according to Yahoo News, Brown is worried about long term efforts.“The reputation seems to lag the reality. The reality is improving,” Brown said, adding that he will report to President Donald Trump upon his return to the U.S. mainland. “I think he will be convinced that federal money and federal efforts is being spent wisely here.”The Federal Emergency Management Agency (FEMA) and the Central Office for Recovery, Reconstruction, and Resilience announced an additional $63 million in aid will be sent to Puerto Rico.Funds will be used for 56 projects related to the recovery and reconstruction of the island as it works to rebuild following January’s earthquakes and Hurricane Maria.More than $6.2 billion has been approved for Puerto Rico under FEMA’s Public Assistance Program.“FEMA and [Central Office for Recovery and Reconstruction] remain focused on prioritizing obligations of funds to municipalities for eligible expenses related to hurricanes Irma and Maria to help communities recover,” FEMA stated in a release.The Associated Press reported last month that Puerto Rico’s government hopes to relocate all of the families impacted by January’s magnitude 6.4 earthquake that destroyed or damaged nearly 1,700 homes.Ongoing tremors have forced re-inspections of more than 7,000 homes that engineers already visited.“We know we still have a lot of work ahead of us,” Puerto Rico Gov. Wanda Vázquez said. “No one was prepared.”The report states that a total of 4,600 people remain in shelters along Puerto Rico’s southern coast.Vasquez, however, said the majority did not report any damage in their house and were scared to return home due to continuing shakes.Three hundred homes were destroyed and another 1,390 damaged by the quake, according to the Associated Press.According to Brown, it will take years for Puerto Rico to recover from the hurricane and earthquakes.“My main concern is sustainability,” he said. “This is not a one-time injection of money into the economy or infrastructure of Puerto Rico… Continuity is vital.”Alex Amparo, Puerto Rico’s coordinating officer, said $3.8 million has been approved to help affected by the quake.Natural disasters impact investors, service providers, mortgage servicers, government agencies, legal professionals, lenders, property preservation companies, and—most importantly—homeowners.The 2020 Five Star Disaster Preparedness Symposium will include critical conversations on response, reaction, and assistance to ensure the industry is ready to lend the proper support the next time a natural disaster strikes.Register today for the Disaster Preparedness Symposium. Previous: Top Markets for REO ‘Fix-and-Flip’ Buyers Next: The Spread of Zombie Properties Disaster FEMA Puerto Rico 2020-02-26 Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days ago Puerto Rico Disaster Recovery Speeding Up Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Home / Daily Dose / Puerto Rico Disaster Recovery Speeding Up Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago February 26, 2020 1,884 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Seth Welborn The Best Markets For Residential Property Investors 2 days ago Tagged with: Disaster FEMA Puerto Rico The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribelast_img read more

Florida utility Tampa Electric to add 600MW of solar in next three years

first_img FacebookTwitterLinkedInEmailPrint分享Florida Politics:Tampa Electric Company (TECO) announced Wednesday it would invest about $800 million to add another 600 megawatts of solar power in the next three years.When complete, the solar expansion will reduce carbon dioxide emissions by about 500,000 tons every year, which is roughly equal to removing 100,000 cars from the road.With this expansion, TECO will have a total of more than 1,250 megawatts of solar power — enough to power more than 200,000 homes — with about 14% of the utility’s energy fueled by the sun, the highest percentage of solar power of any utility in the state.The solar expansion will also prove less expensive to customers than if TECO kept its fleet as it is today. This expansion will significantly change the company’s generation mix, as the utility continues to reduce its use of coal. In the past 20 years, Tampa Electric has reduced its use of coal by 92% and has cut its carbon footprint in half.TECO’s investment in solar power has also saved more than 1.4 billion gallons of water — significantly helping an area of the state that has critical concerns over water use.More: Cleaner and greener: TECO announces major solar expansion Florida utility Tampa Electric to add 600MW of solar in next three yearslast_img read more