Some Projects in Flood Bond Likely Won't Get Done While Others Not in Bond Will
Some Projects in Flood Bond Likely Won't Get Done While Others Not in Bond Will
Source: Reduce Flooding Blog - Bob Rehak
Date: 06/24/2023 7:29pm
Article Summary:
Some Flood Bond Projects Not Likely to Be Completed Due to Funding Gap, While Others Not in Bond Will Receive Funding: Harris County Flood Control District's Chief Partnership and Programs Officer, Scott Elmer, discusses the impact of a funding gap on the
Some proposed projects in the 2018 flood bond in Harris County, Texas, are unlikely to be completed due to a funding gap, according to Scott Elmer, the Flood Control District's chief partnership and programs officer. The funding gap is caused by a combination of inflation, supply chain issues, and less-than-expected partner funding, including fewer funds from the US Department of Housing and Urban Development (HUD). The $825m currently available from HUD and the Texas General Land Office will not stretch far enough to complete all the projects in the bond. Additionally, some projects have increased in scope, such as the Green Bayou Mid-Reach Project and Arbor Oaks Stormwater Detention Basin, putting further pressure on funding. The projects recommended on the GLO list are mostly near shovel-ready and have already been extensively studied, as the county has a "use it or lose it" deadline to spend the money allocated.
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Date: 06/24/2023 7:29pm
Article Summary:
Some Flood Bond Projects Not Likely to Be Completed Due to Funding Gap, While Others Not in Bond Will Receive Funding: Harris County Flood Control District's Chief Partnership and Programs Officer, Scott Elmer, discusses the impact of a funding gap on the
Some proposed projects in the 2018 flood bond in Harris County, Texas, are unlikely to be completed due to a funding gap, according to Scott Elmer, the Flood Control District's chief partnership and programs officer. The funding gap is caused by a combination of inflation, supply chain issues, and less-than-expected partner funding, including fewer funds from the US Department of Housing and Urban Development (HUD). The $825m currently available from HUD and the Texas General Land Office will not stretch far enough to complete all the projects in the bond. Additionally, some projects have increased in scope, such as the Green Bayou Mid-Reach Project and Arbor Oaks Stormwater Detention Basin, putting further pressure on funding. The projects recommended on the GLO list are mostly near shovel-ready and have already been extensively studied, as the county has a "use it or lose it" deadline to spend the money allocated.
Read article here »