In Disaster Recovery Today issue #4003, we discussed eligible cost determination. Once a Subrecipient, the state, and FEMA have determined which recovery costs are eligible, the next step is to develop a rebuilding plan that outlines how the Subrecipient actually intends on repairing or replacing damaged facilities (category C-G projects).
In this issue we will discuss your funding options when it comes to developing a rebuilding plan. As a Subrecipient, you have several options: you can repair or replace the original facility, improve upon it, or direct the grant funds toward another project. It all starts with a baseline valuation of the facility’s damages. As we discussed in issue #4001 — "Loss Measurement" —the foundation of any valuation or measurement in scope is based on two key valuation criteria: “as it was” and “as it has to be.”
This issue of Disaster Recovery Today focuses on the funding options and availability of funds to repair damaged facilities following a disaster. The information can be crucial in developing a rebuilding plan.
Similar topics are addressed in other issues of Disaster Recovery Today. The enclosed reply card can be used to request free copies of any of these — and to ofer comments or suggestions for future issues.
The reply card can also be used to schedule a disaster preparedness and recovery training workshop presented by a Tidal Basin representative.