Storms, heat waves and wildfires have become more frequent and intense, but most affordable homes weren’t built to withstand these threats. People of color and families with less wealth are disproportionately affected – and are more likely to become homeless after disaster strikes.
In 2005, we made a commitment to help rebuild homes and communities in the wake of the devastation caused by Hurricane Katrina and the flooding that followed. Since then, we have invested about $530 million, and together with our partners, we have helped create nearly 13,000 affordable homes for families across the Gulf Coast region. But our work didn’t stop there.
After Superstorm Sandy in 2012, we commissioned impact and resilience assessments of affected multifamily homes. Based on those insights, we developed resilience strategies to mitigate future damage and published a manual specifically for multifamily housing.
When Hurricane Harvey ravaged the Texas Gulf Coast in 2017, we took what we had learned and partnered with the Texas State Affordable Housing Corporation to create Housing and Economic Assistance to Rebuild Texas (HEART). The program delivered more than $2.5 million in grants and technical assistance to 39 nonprofits, providing housing assistance to families displaced by Harvey.