NYC Launches Post-Sandy Rebuilding Program for Housing Sector
New York City homeowners, landlords and tenants hit hard by Superstorm Sandy will soon be able to tap into a new city program that includes grants and loans for repairing Sandy-damaged homes. The program, dubbed "Build it Back," builds on the city's free Rapid Repairs initiative that helped more than 20,000 families return to their homes, Mayor Michael Bloomberg said in a June 3 announcement. The Build it Back initiative is funded with $648 million of the city's $1.77 billion first installment of federal disaster recovery assistance.
"Whether it's personal assistance in the rebuilding process or reimbursements for completed repairs, this program will provide a new infusion of support to help families, neighborhoods and businesses come back stronger and more resilient than ever before," Bloomberg said.