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Optimizing the Value of Hazard Mitigation Grant Program (HMGP) Funding
The 2017 hurricane season was one of the costliest and most catastrophic in U.S. history. Although billions of dollars in FEMA Public Assistance funding will be approved to support recovery efforts in storm-affected states, impacted communities still face unparalleled financial hardships from short-term recovery costs. This problem is exacerbated by the crushing blow natural disasters inflict on local tax revenues, because of decreased property values, displaced residents, and shuttered businesses.
Fortunately, there are proven strategies for optimizing the value of Hazard Mitigation Grant Program funding – some of which may be designed to assist sub recipients in meeting match requirements without placing undue additional financial burden on local stakeholders.
Frank Banda
CPA, CFE, PMP, Managing Partner – Government and Public Sector Advisory
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