New York Mayor Bill de Blasio and Sen. Chuck Schumer praised the Federal Emergency Management Agency for authorizing $3 billion in federal funding to repair and protect city housing developments damaged by Superstorm Sandy.
It is the largest single block grant in the agency’s history.
The money will used at 33 developments damaged by the 2012 storm.
Many of those suffered basement flooding which damaged boilers and electrical and mechanical equipment, leaving some buildings without heat or power for weeks.
De Blasio called the grant “transcendent” during a Tuesday news conference in a hard-hit Brooklyn neighborhood.
Repair work at the housing projects will begin this summer and will take between 18 – 36 months, de Blasio said. A development in Coney Island in Brooklyn will be the first to undergo the overhaul.
Related:
- What Agents Should Know About Flood Insurance Changes in Effect April 1
- NYC Gets $116M Reimbursement for Sandy-Related Fixes
- New Jersey Moving to Demolish Hundreds of Sandy-Damaged Homes
- New York Lawmakers Pass Tax Relief Bill for Sandy Victims
Was this article valuable?
Here are more articles you may enjoy.
Chubb Books Record P/C Underwriting Income, Combined Ratio in Q3
Alaska Airlines Vows IT Upgrades After Outage Forces 400 Flight Cancellations
Rivian Agrees to Pay $250 Million to Settle IPO Fraud Lawsuit
The Future of the Agency in a World of AI 

