More of the federal aid earmarked for recovery from Hurricane Sandy in New Jersey is in the pipeline, according to a report in the Newark Star-Ledger (see: "NJ to receive $882M in Sandy aid in third round of HUD funding, source says," by Erin O'Neill).
"New Jersey is set to receive $882 million in Hurricane Sandy disaster relief aid in the third and final round of funding from the federal government," the paper reports. "The U.S. Department of Housing and Urban Development also plans to distribute $994 million to New York City and nearly $606 million has been earmarked for New York state, according to a government official with knowledge of the situation."
But state officials say that billions of dollars of unmet needs will still remain after the latest funding is finally disbursed. "State officials set aside $710 million in the first round of funding for a major housing construction grant, and plan to pour an additional $390 million into the program," the paper reports. "Still, thousands of homeowners will be stuck on the waiting list for the Rehabilitation, Reconstruction, Elevation, and Mitigation grant after that money arrives. More than 12,000 people were deemed eligible for the program. So far, according to the governor's office, roughly 5,400 homeowners have been initially approved for grants and some 2,700 have actually signed grant awards. The state expects the $390 million infusion to pull 3,000 homeowners off the waiting list."