Feds approve $1.7 billion in storm grants for NY homes, businesses

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The federal government on Friday approved New York’s plan to distribute $1.7 billion in grants for business, housing and infrastructure programs for areas hit hard by storms over the past two years.

Appearing at the state Capitol, U.S. Housing and Urban Development Secretary Shaun Donovan announced the approval, which will allow the state to use $838 million to help fund housing programs and $415 million for business and economic development grants. The funds are part of the $60 billion supplemental aid package passed by Congress earlier this year after Superstorm Sandy caused major damage in New York, New Jersey and Connecticut.

The aid will also be available for portions of the state hit by tropical storms Lee and Irene in 2011.

“Today’s announcement is a tremendous boost of support for homeowners, businesses, and local governments that lost so much in Superstorm Sandy but it is not the end of the road for our recovery,” Cuomo said in a statement.

The grants are part of the federal Community Development Block Grant Disaster Recovery program, which gives the state’s more latitude for spending the funds compared to other grant programs.

Here’s the state’s newly approved plan:

CD Bg Action Plan

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