On January 27, 2022, the Fiscal Oversight and Management Board (“FOMB”) for Puerto Rico certified a new Fiscal Plan for Fiscal Year 2022. In this report, we highlight for our readers some of the most important components of the Fiscal Plan.
Written Testimony by Sergio M. Marxuach submitted to the United States Commission on Civil Rights on December 10, 2021.
The Housing Reconstruction Monitoring Dashboard is an interactive and dynamic tool that provides detailed data, at the municipal level, on housing damages and reconstruction investments related to Hurricanes Irma and María.
The Puerto Rican economy is simultaneously recovering from three systemic shocks: the COVID-19 pandemic, the considerable damage inflicted by Hurricanes Irma and Maria, and the upcoming creditor’s vote on the Plan of Adjustment negotiated by the FOMB.
It has been about three years and eight months since Hurricane Maria struck Puerto Rico on September 20, 2017. It is a good time as any, to take stock of the post-storm reconstruction and recovery process as we approach the beginning of yet another hurricane season in the Atlantic Ocean.
Last week, the Office of the Inspector General of the HUD released a 45-page report which detailed the multiple instances when the political leadership in OMB, a critical control center within the Executive Office of the President, purposefully delayed processes to release disaster aid.
Puerto Rico atraviesa por la situación más difícil que ha enfrentado en medio siglo y la complejidad de la coyuntura actual requiere que se establezcan prioridades claras de trabajo. En este memorando al gobernador identificamos cuáles deben ser las prioridades de trabajo para la nueva administración y ofrecemos recomendaciones sobre cómo atenderlas.
The Consolidated Appropriations Act of 2021 included $25 billion in emergency rental assistance for FY 2021, with a $400 million carve-out for Puerto Rico, U.S. Virgin Islands, Guam, American Samoa, and the Commonwealth of Northern Mariana Islands. The Secretary of the Treasury will make allocations based on population size and eligibility.