City Launches Web Site to Track Sandy Funds, from Apartment Law Insider

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The Bloomberg administration recently launched a new website to track how money earmarked for Hurricane Sandy relief is being spent.

Administration officials said that some of the information on the site would be updated every month, while some of it would be updated every quarter.

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City Launches Web Site to Track Sandy Funds, from Apartment Law Insider

  1. 1. eAlert from New York Apartment Law Insider: City Launches Web Site to Track Sandy Funds Vendome Real Estate Media | 2013 | All Rights Reserved www.apartmentlawinsider.com
  2. 2. City Launches Web Site to Track Sandy Funds The Bloomberg administration recently launched a new website to track how money earmarked for Hurricane Sandy relief is being spent. Administration officials said that some of the information on the site would be updated every month, while some of it would be updated every quarter. Vendome Real Estate Media | 2013 | All Rights Reserved | www.apartmentlawinsider.com
  3. 3. City Launches Web Site to Track Sandy Funds The Sandy Funding Tracker provides a Funding Summary, which gives an overview of all disaster recovery and resilience dollars allocated to date by funding type and funding details. The Sandy Funding Tracker also provides further detailed information about projects and programs in each major category of disaster relief funds. Vendome Real Estate Media | 2013 | All Rights Reserved | www.apartmentlawinsider.com
  4. 4. City Launches Web Site to Track Sandy Funds The two main sources of funds are from: – HUD's Community Development Block Grant-Disaster Recovery – FEMA's public assistance On March 5, 2013, the city received a $1.77 billion grant allocation from HUD for eligible Hurricane Sandy disaster recovery and rebuilding activities through the Disaster Relief Appropriations Act, 2013 (Public Law 113-2), signed into law by President Obama on Jan. 29, 2013. Vendome Real Estate Media | 2013 | All Rights Reserved | www.apartmentlawinsider.com
  5. 5. City Launches Web Site to Track Sandy Funds The city received a second allocation of $1.447 billion on Nov. 18, 2013. The funding helps New Yorkers rebuild their homes, businesses, and communities through city-led housing, business, infrastructure, and resiliency programs. Vendome Real Estate Media | 2013 | All Rights Reserved | www.apartmentlawinsider.com
  6. 6. City Launches Web Site to Track Sandy Funds Through the Disaster Relief Appropriations Act and the Sandy Recovery Improvement Act of 2013 (SRIA), FEMA has provided public assistance funds to the city to reimburse eligible costs of emergency response, debris removal, and repairing or rebuilding damaged public facilities. Vendome Real Estate Media | 2013 | All Rights Reserved | www.apartmentlawinsider.com
  7. 7. City Launches Web Site to Track Sandy Funds FEMA and the city continue to work together to finalize funding for eligible costs as part of the longer term recovery. Vendome Real Estate Media | 2013 | All Rights Reserved | www.apartmentlawinsider.com
  8. 8. City Launches Web Site to Track Sandy Funds In October, New York State Attorney General Eric Schneiderman said that his office would be vigilant in ensuring that roughly $575 million in Hurricane Sandy aid would reach victims. Vendome Real Estate Media | 2013 | All Rights Reserved | www.apartmentlawinsider.com
  9. 9. New York Apartment Law Insider The How-to Resource for Owners, Managers, and Real Estate Professionals www.apartmentlawinsider.com For over 30 years, New York Apartment Law Insider has been the go-to resource on how to best deal with New York agencies that owners and managers regularly come in contact with, including: • the Division of Housing and Community Renewal • the Department of Buildings • the Department of Finance • the Department of Housing Preservation and Development Learn More and Subscribe TODAY! Vendome Real Estate Media | 2013 | All Rights Reserved | www.apartmentlawinsider.com

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