$75 Million in Business Mitigation Funds Available: Apply Now

The V.I. Housing Finance Authority is offering a significant opportunity for local businesses through its Commercial Hardening and Financing, and Small Business Mitigation programs, supported by a $75 million allocation from the CDBG-Mitigation Action Plan.

This funding, aimed at reducing the operational disruptions businesses face due to natural or manmade disasters, is divided into two main programs: $40 million is dedicated to Commercial Hardening and Financing, while $35 million supports Small Business Mitigation projects.

To assist applicants in navigating the application process for these programs, VIHFA's Interim Executive Director and Chief Disaster Recovery Officer, Dayna Clendinen, emphasized the importance of attending the upcoming workshops. These sessions are designed to provide essential technical assistance and guidance.

The workshops are scheduled across the U.S. Virgin Islands at the following times and locations:

St. Thomas: Monday, March 4 at 6 pm, UVI Innovation Center in the SBDC Training Room.

St. John: Tuesday, March 5 at 6 pm, Julius E. Sprauve School Cafeteria.

St. Croix: Friday, March 8 at 6 pm, Sunny Isle Shopping Center in the Elections Office.