HUD mitigation: $5.09 billion obligated and $362.1 million drawn

The quarterly report of the mitigation grant B-18-DP-72-0002 covers from April 1 to June 30, 2026. Puerto Rico is listed as the grantee, the grant appears active, and the document maintains the status Submitted – Await for Review. The award amount and the LOCCS authorization are both $8,285,284,000. The contract has an end date of May 12, 2033, and the header estimates $200,000 in program income or revolving funds.

The main financial table reports $5,089,754,508.16 obligated to date, including $144,387,471.98 during the quarter. The accumulated disbursements total $362,111,779.39, with $53,054,461.69 in the period. Of that quarterly figure, $53,036,702.25 are program funds and $17,759.44 are program revenue. The document records $26,089.02 accumulated in both disbursed and received program revenue.

The funds spent reach $593,306,853.10 accumulated and $84,313,077.98 in the quarter. The line item for areas identified by HUD as the most impacted and distressed shows $545,628,197.83 accumulated and $79,892,399.59 in the period. Obligation, disbursement, and expenditure are three distinct columns: the $5.09 billion obligated do not equate to $5.09 billion paid or built.

Among the entities with spending in the period, the Puerto Rico Department of Housing appears with $63,715,848.82 and a cumulative total of $572,434,423.61. Puerto Rico Housing Finance records $17,093,509.35 and $17,343,831.36 cumulative. The Aqueducts and Sewers Authority appears with $3,458,880.40, Utuado with $11,608.78, Ceiba with $30,910, and Isabela and Juana Díaz with smaller amounts reported by the QPR.

The summary by major projects shows that administration has $414,264,200 budgeted and $47,548,050.74 in program funds disbursed to date. MIT Housing has $2,200,896,086 budgeted and $188,353,156.76 disbursed. MIT Infrastructure reports $4,291,451,166 budgeted and $30,786,610.30 disbursed; MIT Multi-Sector, $1,203,816,696 budgeted and $81,668,267.68 disbursed.

The planning areas complete that map. Planning MIT appears with $150 million budgeted and $13,585,637.73 disbursed, while State Planning MIT shows $24,855,852 budgeted and $143,967.16 disbursed. In the quarter, the summary reflects positive disbursements for administration, housing, infrastructure, and planning, but a negative amount of $18,594,164.40 for Multi-Sector. The report presents that adjustment in parentheses; it does not characterize it as theft or physical loss.

Numerical objectives also require care. The Overall Benefit Percentage has a target of 50%, a projection of 85.81%, and a current result of 3.26%. The Overall Benefit Amount sets a target of $3,848,181,974, projects $6,604,283,606.02, and reports $250,991,045.11 currently. For Most Impacted and Distressed, the target is a total of $8,285,284,000, the projection is $8,262,283,999.89, and the current figure is $545,628,197.83.

The general report states that Housing advanced mitigation and resilience initiatives in housing, infrastructure, health, energy, and community development. It lists processing applications, eligibility determinations, environmental reviews, design, procurement, relocation assistance, and construction-related activities. It also mentions renewable energy, water resilience, telecommunications, transportation, flood control, landfill closure, public safety, and utility improvements at different stages.

The Single-Family Housing Mitigation Program provides a detailed example. The program had generated 6,123 applications, of which 3,865 were still active. It identified 3,347 pre-eligible applicants, with 2,809 active cases, and completed 137 property risk assessments during the quarter, for a cumulative total of 3,197. The design prioritizes households with immediate threat, recent damage, substantially damaged properties, or located in high-risk areas.

In that activity, the QPR records 1,136 active relocation vouchers and 321 relocation closings. For repair, retrofit, or reconstruction, it reports 845 approved active scopes, 764 active work orders, 515 completed active environmental reviews, 325 active awards, 276 active notices to proceed, 69 substantial completions, and 31 key deliveries. Each figure represents a different stage; a request is not a completed home.

The financial portrait as of June 30 is, therefore, an MIT grant of $8.285 billion with $5.09 billion obligated, $362.1 million drawn, and $593.3 million spent according to the submitted QPR. The document does not state that the total awarded has been disbursed nor that all initiatives are completed. Its pending review status requires it to be cited as a grantee report, retaining the original labels and dates.