New York businesses received more than $1.4 million in aid from New York state yesterday as Governor Andrew Cuomo issued $13.6 million in state aid checks to homeowners, renters, businesses and farmers affected by July flooding across the Mohawk Valley, Central New York and Niagara County.
Below is a county by county breakdown of the funding:
The NYS Flood Recovery Program is a coordinated effort by the NYS Department of Homeland Security and Emergency Services (NYS DHSES), NYS Homes and Community Renewal (NYS HCR) and the NYS Department of Agriculture and Markets (NYS DAM).Additional applications are currently being processed and more checks will be issued in the near future.
Gov. Andrew Cuomo visited the Mohawk Valley this past weekend pledging to push harder for FEMA funds to help flood damaged areas. A number of communities experienced flash flooding from the Mohawk River as a result of heavy rain June 27 and 28. This was Cuomo’s second visit to the area. He said if FEMA was not responsive, the state would stand behind the disaster declaration and provide help.
Newday reports that a federal tax stabilization plan will help homes and businesses still dealing with the damage from superstorm Sandy. The plan means those impacted won’t see property tax increases stemming from Sandy and taxes will stay “flat for everyone else whose levies would have risen to make up for the loss in property taxes because of home assessments lowered by Sandy damage.” The $300 million in funding for the program comes from the U.S. Department of Housing and Urban Development.
With Hurricane Sandy clean up still ongoing, researchers at Colorado State University have some bad news for us – the chances of the U.S. being hit by a major storm are about 70% greater than last year.
The New York Daily News outlines more on their findings in today’s paper.
The U. S. Small Business Administration has extended the deadline for Hurricane Sandy survivors in New York to return applications for physical damage to April 13, 2013. Survivors are encouraged to register with the Federal Emergency Management Agency at 800-621-FEMA (3362), TTY 800-462-7585 and return completed applications to the SBA before the deadline.
Read the full press release or find more information on the SBA website.
In this morning’s Wall Street Journal, Ted Mann reports on Senator Chuck Schumer’s proposal to Housing and Urban Development Secretary Shaun Donovan to allow New York to use its Sandy aid money to set up a loan fund to pay for long-term infrastructure improvements.
Click here to read Mann’s report [subscription-based]
Governor Andrew M. Cuomo today announced that five of New York’s largest banks and mortgage servicers will have representatives available to offer one-on-one help to homeowners seeking the release of Superstorm Sandy insurance settlement funds at the Department of Financial Services’ Disaster Assistance Centers from Monday, March 4 through Saturday, March 9.
Click here for more details.
Upstate areas affected by Lee and Irene will also be included in $400M block grant plans
Jimmy Vielkind wrote the following story for this morning’s Times Union:
ALBANY — The state’s plan to use $400 million to buy out homeowners in flood plains devastated by Superstorm Sandy will extend to upstate residents affected by tropical storms Lee and Irene, state and federal officials said.
The money would be outside of a separate buyback program operated by the Federal Emergency Management Agency, which has received dozens of applications from flood-ravaged homeowners in the wake of the back-to-back 2011 storms. Gov. Andrew Cuomo, a Democrat, announced plans for a buyback program in his State of the State presentation last month. Details emerged after a meeting Friday between state and federal officials.
“There’s huge demand,” said Assemblyman Pete Lopez, R-Schoharie. “Many people are still suffering, and housing is a huge, unmet need. … The challenge is that FEMA money is competitive, and many communities have not been able to get the funding they need.”
Money for the buyback program will come from Community Development Block Grants, distributed with large discretion by the Department of Housing and Urban Development
, an agency Cuomo once headed. Its current secretary, Shaun Donovan
, was a former housing official in New York City, and has served as the Obama administration’s point man for post-Sandy recovery efforts.