The city’s $1.77 billion Sandy recovery plan was federally approved, officials announced Friday.
“This is an important day in the recovery process for families and small businesses who were devastated by Hurricane Sandy,” said U.S. Senator Kirsten Gillibrand. “These critical federal funds will help families get back on their feet and help hard hit communities rebuild stronger and smarter.”
The majority of funds, $648 million, were allocated toward housing recovery programs. The rest of the budget will aid businesses with damages and lost sales and repair infrastructures.
“With the federal approval now in place, we’re going to see that this relief money starts flowing to home and business owners as soon as possible,” said Mayor Michael Bloomberg.
A copy of the recovery action plan and information on the application process are available at www.nyc.gov.
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