NYC’s CDBG Recovery Plan Approved by HUD

This approval follows those mentioned earlier, for the State of the NY and NJ.  As of May 10, the NY city plan was reported as approved. More details are available on this website of the city government.

Some excerpts of the new article:

Secretary Shaun Donovan today announced HUD’s approval of New York City’s disaster recovery plan to help homeowners and businesses following Hurricane Sandy.  Funded through HUD’s Community Development Block Grant (CDBG) Program, New York City’s action plan calls for a combined $1.77 billion investment in a variety of housing, infrastructure and business recovery activities.

The federal government has been on the ground since Sandy struck and will continue to provide substantial resources and technical assistance until the entire region is rebuilt safer, better and stronger. To date, FEMA has provided over $1.2 billion in individual and public assistance in New York City and the Small Business Administration has provided over $1.4 billion in disaster recovery loans to businesses throughout New York State.

Donovan, who also chairs President Obama’s Hurricane Sandy Rebuilding Task Force, said today’s approval will allow the City to begin the long-term process of rebuilding damaged housing, restoring infrastructure, and stimulating business activity and job growth.“This plan is truly a neighborhood-based approach to disaster recovery,” said Donovan. “We’ve worked closely with Mayor Bloomberg, Senators Schumer and Gillibrand, and the New York Congressional Delegation throughout this process to help families get back in their homes, jumpstart local economies and make communities more resilient.”

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