Where’s the money going? New details about $40 million housing pledge for flood survivors

Since the July 4 floods, people around the world have donated to the Community Foundation of the Texas Hill Country nonprofit.

Last week, the organization announced $40 million of its donations would be going toward housing for the people whose homes were affected during the floods.

This week, KSAT got an invite to sit down with two people leading this effort in Kerrville.

The amount was determined by a volunteer committee of housing experts, including an appraiser, an insurance agent, a realtor, an affordable housing expert, a CEO of a company and two bankers who do home loans.

“We base that on FEMA (Federal Emergency Management Agency) data, data from the state of Texas and our own needs assessment, where we’ve heard from over 300 households so far through our needs assessment,” said