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California governor requests $40 billion for fire aid, Washington Post reports

  • California Governor Gavin Newsom has requested nearly $40 billion in aid from Congress to assist recovery from the wildfires, which he claims could become the costliest natural disaster in U.S. History.
  • The total economic losses from the wildfires are estimated to exceed $250 billion, with real estate losses predicted to potentially top $30 billion.
  • At least 29 people died due to the wildfires, and over 16,200 structures were destroyed as flames ravaged multiple areas in Southern California.
  • The aid request includes $16.8 billion for rebuilding and $9.9 billion for grants to victims.
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HousingWire broke the news in on Friday, February 21, 2025.
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