Billions in Grants Up for Grabs

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Eleven-and-a-half-billion dollars is up for grabs. The National Agency for Housing and Urban Development announced the money goes to hurricane ravaged states, but there's a catch.

HUD says it's waiting on an action development plan from Gov. Jeb Bush before it doles out money to Florida.

With Hurricane Dennis still fresh on our minds, communities hoping for cash may be able to grab some from this community development block grant.

HUD says the only states eligible to apply are Louisiana, Mississippi, Alabama, Texas and Florida.

Local agencies are already sharpening their pencils.

Chris Floyd, Director of the Capital Area Red Cross, says, "What we're going to do is determine how we, the Red Cross, and our communities may be able to access these dollars, find these dollars, put a plan together, and then work on getting those dollars into the right pocket."

Wednesday afternoon, U.S. Sen. Mel Martinez announced $156 million in hurricane relief funds for Florida. A huge chunk of the money is heading to south Florida for debris removal after Hurricane Wilma.