I have heard this twice before; hopefully, the third time is the charm! From the Asbury Park (NJ) Press: HUD launches competition for disaster resilience money.
States and localities recovering from natural disasters, including Superstorm Sandy, can begin competing for a portion of nearly $1 billion in grants to recover from those disasters and protect themselves against future ones, the nation’s top housing official said Wednesday.
Here is the direct link to the HUD website for more details.
Update on Sept. 19th: today the Rockefeller Foundation announced they will be collaborating with HUD on this new initiative.