Featured in National Mortgage News (see the article here)
There are 39 counties included in the Hurricane Harvey Presidential Declared Disaster (PDD) Areas. While all of these counties were affected by the hurricane, the impact to property damage varied across neighborhoods within the counties. Some neighborhoods experienced a more significant destruction to properties than others. While most areas that suffered property damage will need assistance for repair and rehab costs, the areas with limited resources may experience a more devastating impact if not carefully targeted by the federal disaster recovery programs.
SP Group identified those neighborhoods that are most vulnerable to the negative impact of property damage due to their underlying economic conditions exhibiting high distress. These neighborhoods represent the greatest need for assistance from federal programs such as HUD’s Community Development Grant Assistance Disaster Recovery (CDBG-DR).