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°' U JJJ III (fl f'JlJ III III" (fl g B %a C k, � lu I (r Of )l1 J JJ1 III"' (fl f'JlJ <br />Combined, these two disasters accounted for damage to 1,558 homes and 35 businesses, severely <br />impacting the recovery and growth potential for this community nestled between San Antonio and <br />Austin. The lingering devastation brought by these two floods prompted the U.S. Department of Housing <br />and Urban Development (HUD) to allocate $25,080,000 to an initial Community Development Block <br />Grant Disaster Recovery (CDBG-DR) Fund to assist with ongoing recovery needs. These funds must be <br />utilized for disaster recovery work in the most impacted and distressed areas of the City, as declared in <br />the 2015 disaster declarations and authorized under Title IV of the Robert T. Stafford Disaster Relief and <br />Emergency Assistance Act (42.U.S.C. 5121 et seq.). Pursuant to this Act, CDBG-DR funds may only be <br />used for disaster related purposes. <br />In order to assist in the allocation of these funds, the City has completed the following Needs <br />Assessment. This document will quantify the funding needed to repair damage and recoup losses, <br />factoring in the funds already received by the Federal Emergency Management Agency (FEMA) grants, <br />U. S. Small Business Administration (SBA) loans, insurance proceeds from the National Flood Insurance <br />Program (NFIP), other CDBG funds and other funding sources available. The Needs Assessment also <br />assists in prioritizing funds by type and location based on concentration of damage and community <br />needs, with a particular focus on low- and moderate -income areas, households with special needs and <br />displaced populations. <br />Last Updated 3/03/20 Page 10 of 63 <br />