$6.3B in federal aid coming for Sandy: Schumer
About $6.3 billion in Hurricane Sandy-related federal aid will be directed to New York State in 2014, Senator Charles Schumer said Sunday, with $1.4 billion of the money going directly to homeowners hit by the storm.
“The spigot is open and money is beginning to flow,” Schumer said at a press conference in Battery Park. “Homeowners will feel much better.”
The federal government’s $60 billion emergency aid package had “not flowed quickly enough in this last year,” with only $20 billion spent to date, Schumer said, the New York Post reported. “But I’m convinced people will feel the real effects of the rebuilding projects this year.”
The $1.4 billion for homeowners will be given to those who missed the first round of federal aid, and the other $4.9 billion will be used on upkeep and restoration projects in areas such as the Rockaways, Long Island and Ocean Parkway, according to the Post.