Unfortunately, we have only begun access to that initial $1.5 billion.
the first tranche of funds from HUD was approved and disbursed to the island. It was $1.5 billion.
What is the delay and how can we overcome the delay for signing a public partnership agreement?
How can we receive the funds that have been already appropriated by Congress and by the President?
We thank you for the opportunity to express our comments regarding the amendments to the PROMESA Act of 2019.
We request Congress to act now.
We also agree that there needs to be total transparency in governmental transactions.
The notion that we are spending $1.5 billion slowly is simply inaccurate.
Congress has provided almost $20 billion in CDBG-DR funding.
HUD has been sitting on $8 billion in grant agreements since May. How can we complain, and how can the Federal agencies complain that we are...
having the funds being approved, not disbursed, has created the biggest hardship for many Puerto Ricans on the island.
The only reason that there is a pension cut proposed in the plan of adjustment is because of the bankruptcy laws in the United States.
the publication of the guidelines in the Federal Register is not being done in time.
One thing is, Congress and the President signed a law approving $49 billion, approximately, to the island.
Our Governor's vision for a successful recovery relies on the synergies that the COR3 and the Puerto Rico Department of Housing can create.
So if you don't have that plan approved or signed by the HUD administration, what are the programs, what are the services that are put on ho...
I think that the record attests to the fact.
PROMESA is an imperfect solution to the frightening challenge Puerto Rico faced in 2016.
