Puerto Rico Addresses

Industry Update
July 10, 2018

Source: HUD (Puerto Rico Addresses full version)

When hurricanes Irma and Maria struck Puerto Rico last year, they caused extreme damage. The generosity of both the public and private sector in response to the recovery effort may provide enough funds to not only support disaster recovery but also support some economic revitalization and mitigation against future disasters. HUD has allocated more than $19 billion in Community Development Block Grant–Disaster Recovery (CDBG-DR) funds to Puerto Rico to support these efforts.

Various news outlets have reported stories about informal housing; the lack of clarity about who owns which homes because recording titles is both not mandatory and hard to do; and that numerous homes in Puerto Rico were not constructed in accordance with its building code. Puerto Rico’s high poverty rates, economic decline, and population loss before the storms are well documented. The Office of Policy Development and Research’s recent housing market analysis provides a very good overview of the economic and housing market trends before Irma and Maria.

Those reports, however, are not what this post is about. This post is about Puerto Rico’s addresses and my realization of why they are important. This realization unfolded a bit like a story, so I will present it in chapter form.

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