Newsom also asked for $9.9 billion from the Department of Housing and Urban Development for grants to fire victims, homeowners, businesses and renters, as well as $5.29 billion from the Small Business Administration for homeowner and business loans. ????? ???????
His largest
His largest request is for an additional $16.8 billion from the Federal Emergency Management Agency, mostly intended for the rebuilding of property and infrastructure, with $5 billion earmarked for debris cleanup. ????????????
Newsom vowed
Newsom vowed that the funding would be used to rebuild homes, infrastructure, businesses, schools, churches and health care facilities, while supporting the needs of people affected by the devastation. ?????
economic loss
Estimates of the total economic loss from the firestorm have been estimated to surpass $250 billion — with real estate losses from the Palisades and Eaton fires predicted to potentially top $30 billion, according to a Los Angeles Times analysis. More than 16,200 structures were destroyed as flames ripped through Pacific Palisades, Malibu, Pasade
Los Angeles
“Los Angeles is one of the most economically productive places on the globe, but it can only rebound and flourish with support from the federal government as it recovers from this unprecedented disaster,” Newsom wrote. ????????????