Mayor Bloomberg recently announced the launch of the “NYC Build it Back” program to assist homeowners, landlords and tenants whose homes were impacted by Hurricane Sandy. Affected residents who have been waiting in limbo with no money to repair their homes or move will now have access to federally-funded grants and loans to rebuild and recover out-of-pocket costs they incurred as a result of the superstorm.
“Hurricane Sandy was the worst storm ever to hit New York City – and today, we are launching a new program to continue the road to recovery,” said Mayor Bloomberg at a press conference held in the Blue Room at City Hall on Monday. “Through NYC Build it Back, we are making our Federal aid package simple and understandable, and tailoring assistance to the specific needs of the families and businesses most impacted by Sandy. 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.”
Beginning as early as next month, residents that sign up for the program will be contacted by a Housing Recovery Specialist who will help them review their options for accessing the federal aid—a total of $648 million in recovery disaster funds—and guide them through the process. Renters also needing assistance may qualify for funding as well. Highest need families will be addressed first according to objectives set in place by the Department of Housing and Urban Development.
Currently, the NYC Build it Back program will provide four pathways of recovery available to Sandy victims that include: Repair for mild to moderate damage; Rebuilding for substantially damaged property based on Federal resiliency guidelines; Reimbursement to help participants recover eligible out-of-pocket costs for minor repairs already made to their homes; and Acquisition for owners that desire to voluntarily sell their homes.
New York City residents can begin registering for the program by calling 311 or visiting www.nyc.gov for further details and information.