federal storm recovery grants

City Council passes condo, co-op resolution
City Council passes condo, co-op resolution
News Melissa Chan 9/26/2013 at 11:55AM

The City Council has unanimously passed a resolution calling for Congress to make co-op and condos eligible for federal storm recovery grants. “Condo and co-op owners are homeowners too,” said Councilmember Peter Vallone Jr. who brought forth the measure. “Yet, right now, the federal government is denying them Sandy relief. That needs to change.” The [...]

Resolution calls for co-op, condo storm recovery grants
News Melissa Chan 9/18/2013 at 11:01AM

A Queens lawmaker introduced a resolution in the City Council last week calling for Congress to make co-op and condos eligible for federal storm recovery grants. The measure, brought forth by Councilmember Peter Vallone Jr., comes after many citywide co-op and condo owners found they could not receive FEMA grants for Sandy-inflicted damages. It would [...]

Law keeps co-op owners from receiving federal storm recovery grants
Law keeps co-op owners from receiving federal storm recovery grants
News Melissa Chan 1/11/2013 at 2:22PM

A glitch in the law is keeping co-op owners from receiving federal storm recovery grants, officials said. According to Congressmember Steve Israel, co-ops are shouldering the costs of repair for Sandy-inflicted damages because they are categorized as “business associations,” making them ineligible for federal grants — only loans. The Stafford Act, which governs how the [...]