1、 IN11106 VERSION 4 NEW INSIGHTINSIGHTi i Community Disaster Loans: Homeland Security Issues in the 116th Congress Michael H. Cecire Analyst in Intergovernmental Relations and Economic Development Policy April 24, 2019 The Community Disaster Loan (CDL) program was developed to help local governments
2、manage tax and other revenue shortages following a disaster. Administered by the Federal Emergency Management Agency (FEMA), CDLs provide financial liquidity to local governments through a structured loan that may be converted to grants when certain financial conditions are met. CDLs are codified in
3、 Section 417 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5184, as amended). Modified “non-traditional” CDL programs were developed in response to Hurricanes Rita and Katrina in 2005, and CDL-type programs for Puerto Rico and the U.S. Virgin Islands (USVI) were d
4、eveloped following 2017s Hurricanes Harvey, Irma, and Maria. This Insight provides an overview of traditional and non-traditional CDLs and the policy issues they may raise in the 116th Congress, particularly with regard to CDL-type instruments developed for Puerto Rico and USVI. The CDL program may
