Gov. Andrew Cuomo and U.S. Housing and Urban Development Secretary Shaun Donovan announced federal approval today of New York’s recovery plan to help struggling homeowners and businesses following Superstorm Sandy and tropical storms Irene and Lee. The plan, which will be funded through HUD’s Community Development Block Grant Disaster Recovery program, calls for a combined $1.7 billion in investments in a variety of housing, infrastructure and business recovery activities.
President Barack Obama on Jan. 29 signed the Disaster Relief Appropriations Act, 2013 into law. It provides a total of $16 billion in CDBG Disaster Recovery funding. HUD allocated $5.4 billion to five states, including New York, and New York City. The state was required to submit its action plan for using the funds, which it did on April 3, and HUD conducted an expedited review.
“Following the devastation caused by the major storms to hit New York over the past two years, our state worked closely together with our Congressional Delegation and local communities to put together a comprehensive action plan to help our homeowners and businesses recover and rebuild,” Cuomo said in a statement. “Today’s announcement is a tremendous boost of support for homeowners, businesses, and local governments that lost so much in Superstorm Sandy but it is not the end of the road for our recovery.”
Donovan said HUD has worked closely with state officials to help design effective programs that will help get families back in their homes, “jumpstart local economies and make communities more resilient” as soon as possible.
“Today we take another important step toward recovery and healing for hard-hit communities in New York,” he said in a statement.
States have a lot of flexibility in how they use the funds. New York will focus mainly on meeting the immediate needs for housing and business assistance in communities that are affected by Superstorm Sandy. That includes $838 million to support a variety of housing programs and $415 million to assist economic revitalization programs.
Here is the state’s plan: