Today, President Joseph R. Biden, Jr. made additional disaster assistance available to the territory of the U.S. Virgin Islands by authorizing an increase in the level of Federal funding for Public Assistance projects undertaken in the U.S. Virgin Islands as a result of hurricanes Irma and Maria.
Today, President Biden increased the Federal share to 95 percent for all Public Assistance categories, retroactive to include all projects currently funded at less than 100 percent; and increased the Federal share to 98 percent until September 30, 2024 for all projects utilizing Section 428 procedures. The additional 3 percent Federal share apply only to projects for which a Fixed Cost Offer has been accepted by September 30, 2024, subject to extension on a per-project basis by the FEMA Administrator for specific and unavoidable extenuating circumstances. Section 428 projects not completed by December 31, 2035, revert to a 95 percent Federal cost share.
