HUD Announces Additional $1.5 Billion in Sandy CDBG Funds

One year after Hurricane Sandy devastated coastal communities in the Northeast, the U.S. Department of Housing and Urban Development (HUD) announced an allocation of a combined $5.1 billion through a second round of recovery funds to five states and New York City. Provided through HUD’s Communty Development Block Grant (“CDBG”) Program, these CDBG recovery funds will assist impacted communities to meet remaining housing, economic development and infrastructure needs. In this second Sandy allocation, grantees will be required to identify unmet needs for housing, economic development and infrastructure and may use this allocation to address those unmet needs. Grantees will be required to incorporate a risk assessment in their planning efforts to ensure long term resilience. The Second HUD CDBG Sandy Allocation has been made to the following: New York City – $1,447,000,000; New Jersey – $1,463,000,000; New York State – $2,097,000; Connecticut – $66,000,000; Maryland – $20,000,000; and Rhode Island – $16,000,000.

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