Puerto Rico to get access to $8.2 billion in delayed U.S. disaster-aid funding

The approval of the funds for the U.S. territory's recovery from Hurricanes Maria and Irma in 2017, which killed about 3,000 people, comes at an opportune time, as hundreds of earthquakes and aftershocks have rattled the island since Dec. 28. Last year, U.S. President Donald Trump threatened to

- Puerto Rico will be allowed access to $8.2 billion in delayed disaster-aid funding by the U.S. Department of Housing and Urban Development , the island's non-voting member of the U.S. House of Representatives Jenniffer Gonzalez said in a statement.

Last year, U.S. President Donald Trump threatened to divert disaster-recovery funds from Puerto Rico to help pay for a wall at the U.S.-Mexico border. "Now that a full financial monitoring team is assembled and active, we can move forward with confidence that these disaster recovery funds will reach those who need them the most," a senior HUD official told Reuters earlier.

Access to the funds should come as a relief for Puerto Rico after ratings agency Moody's Investors Service said on Tuesday the earthquakes posed a setback in terms of the island's economic recovery and ability to retain residents and businesses.

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