Home Breadcrumb caret News Breadcrumb caret Claims Government assistance to New York following Sandy tops $8 billion New York State has had more than $8 billion approved in government assistance following last October’s Hurricane Sandy, the Federal Emergency Management Agency has reported. Those state and federal funds have been approved for homeowners, renters, businesses, government agencies and nonprofits affected by the storm. About $3.7 billion of that was made in National Flood […] By Canadian Underwriter, | August 30, 2013 | Last updated on October 30, 2024 1 min read Plus Icon Image New York State has had more than $8 billion approved in government assistance following last October’s Hurricane Sandy, the Federal Emergency Management Agency has reported. Those state and federal funds have been approved for homeowners, renters, businesses, government agencies and nonprofits affected by the storm. About $3.7 billion of that was made in National Flood Insurance Program payments to policyholders. The funding also includes more than $996 million in FEMA grants approved for individuals and households including about $852 million for housing assistance and nearly $145 million for other needs assistance. More than $1.5 billion in Small Business Administration disaster loans have also been approved for homeowners, renters and businesses. There has also been about $1.8 billion in Public Assistance grants for local, state and tribal governments, as well as eligible nonprofits to use for emergency response, debris removal and repairs or rebuilding of public facilities. About 6.4 million cubic yards of debris has been removed following the storm, FEMA also reported. As of July 22, federal assistance to New Jersey, one of the other states majorly affected following the storm, reached $5.3 billion. Canadian Underwriter Print Group 8 LinkedIn LI X (Twitter) logo Facebook Print Group 8
