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Finance - NY

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This working group is focused on discussions about finance.

The mission of this working group is to focus on discussions about finance.

Members

Albert Gomez Amanda Cole EvertB Kathy Gilbeaux mdmcdonald

Email address for group

finance-ny@m.resiliencesystem.org

Guidance for Community Reconstruction Zone Plans - A Planning Toolkit for CRZ Planning Committees

nysandyhelp.ny.gov

Through the Community Reconstruction Zone
(CRZ) Program, New York State is assisting communities
to rebuild better and safer based on community-
driven plans that consider current damage,
future threats to community assets, and the community’s
economic future. In keeping with the National
Disaster Recovery Framework, CRZ Plans will consider
the needs, risks, and opportunities related to
assets in the following categories of recovery support
functions: Community Planning and Capacity
Building, Economic Development, Health and Social
Services, Housing, Infrastructure, and Natural and
Cultural Resources.

By completing a successful Plan, each participating
community will position itself to obtain funding to
implement that Plan to improve the community’s
future.

NY - Recovery Resources Center

Guidance for Community Reconstruction Zone Plans -
A Planning Toolkit for CRZ Planning Committees
(81 page .PDF report)

Country / Region Tags: 
Problem, Solution, SitRep, or ?: 

Flood Insurance Costs May Soar For Hardest-Hit Sandy Victims

huffingtonpost.com - June 9, 2013 - Katie Zezima and Meghan Barr

Flood Insurance Costs Sandy

MANTOLOKING, NJ - MAY 15: A beach front home damaged by Superstorm Sandy is tagged to be torn down and hauled off, May 15, 2013 in Manotoloking, New Jersey. Mantoloking officials say that at least 50 homes are scheduled to be demolished in the up coming weeks. (Photo by Mark Wilson/Getty Images)

 

George Kasimos has almost finished repairing flood damage to his waterfront home, but his Superstorm Sandy nightmare is far from over. ...

That's because the federal government's newly released advisory flood maps have put his Toms River home in the most vulnerable area – the "velocity zone." If that sticks, he'd have to jack his house up 14 feet on stilts at a cost of $150,000 or face up to $30,000 a year in flood insurance premiums....

For many, it's an impossible choice. They can't afford to do either. And many unanswered questions have left residents paralyzed with indecision....

Bill Would Delay NFIP Rate Hikes for Sandy Victims; Program's Sandy Losses Said to Be $7B

propertycasualty360.com - March 14th, 2013 - Arthur D. Postal

A bill in the House introduced by New York State representatives, would extend the grace period for flood-insurance-premium increases for Superstorm Sandy victims.

The legislation was introduced as information became available that the cost of Sandy to the National Flood Insurance Program will be in the neighborhood of $7 billion.

Federal Emergency Management Agency officials have not responded to repeated requests over the last several days, but sources with knowledge of the costs to the program says Sandy flood claims have totaled about $6 billion so far, with projections to go to maybe $7 billion.

(VIEW COMPLETE ARTICLE)

Bloomberg to Offer Own Sandy Buy-Out Plan, with a Twist

      

Russell Gordon, a homeowner in Oakwood Beach, Staten Island, who is eager to take advantage of Governor Cuomo's Sandy buy-out plan (Matthew Schuerman/WNYC)

submitted by Boris Suchkov

Could Lead to Rebuilding on Flood Plain Even After Homeowner Sells Out

wnyc.org - by Matthew Schuerman - March 4, 2013

Weeks after New York Governor Andrew Cuomo proposed buying out homeowners in flood-prone areas, the Bloomberg administration is indicating that it will offer a similar program. But the mayor’s program could differ in one significant way: the properties the city acquires could be turned over to someone else to be developed again.

In testimony at a City Council committee hearing Feb. 26, Brad Gair, the director of the city’s housing recovery office, said the Bloomberg administration is working on its own buyout program using federal Community Development Block Grant funding, $1.8 billion of which has been earmarked for the city so far. . . But he added the city’s plan may not stipulate that the acquired properties be turned into open space.

Attention: Business Owners, Home Owners and Renters! Extended SBA Disaster Loan Deadline - WORKSHOPS

submitted by Peter B Gudaitis - February 14, 2013

The SBA has extended application deadlines for SBA Sandy Disaster Loans to February 27, 2013 (Physical Damage) and July 31, 2013 (Economic Injury Loans).

These loans apply to physical damage to small businesses and homeowners (as well as to renters’ possessions), and even includes damage or loss of your vehicles. And for small businesses, economic injury loss due to lost business is also applicable. [Note: landlords of 2-4 units who lost rents due to Sandy may qualify for Loss of Income Loans]

You have three opportunities to come and learn from the experts in Brooklyn, Manhattan and Staten Island:

Thursday, Feb. 21, 2013 from 10:00 am - 12:00 pm: Brooklyn @ Brooklyn Public Library, Cadman Plaza West - RSVP to ***@***.*** or 212-264-1473
Thursday, Feb. 21, 2013 from 6:00 pm - 8:00 pm: Manhattan @ Baruch College @ 24th Street, Ste. 2-140 - RSVP to ***@***.*** or 212-264-2734
Monday, Feb. 25, 2013 from 6:00 pm - 7:45 pm: Station Island @ St. George Library Center - RSVP to ***@***.*** or 212-264-1473

RSVP's are required. 

IRS Announces Saturday Open House to Aid Super Storm Sandy Victims in NY and NJ on February 23rd

Submitted by Peter Gudaitis, M. Div:
February 13, 2013
NY-2013-06
 

New York ­­­- Internal Revenue Service Taxpayer Assistance Centers in some New York and New Jerseylocations will be open Saturday, February 23rd from 9:00 a.m. until 2:00 p.m. to provide help to taxpayers impacted by Super Storm Sandy.

Unmet Needs Roundtables

submitted by Peter B. Gudaitis

unmetneedsroundtable.org

MISSION STATEMENT

Building the capacity of case workers and donors to match the unmet needs of disaster impacted people with resources that ensure a client’s sustainable recovery on a case-by-case basis

About Unmetneedroundtable.Org

Obama Signs $50.5 Billion Sandy Relief Bill

CBS News - January 29, 2013

LONG BEACH, N.Y. (CBSNewYork) — President Barack Obama on Tuesday night signed the $50.5 billion Sandy relief package into law.

Obama also designated storm relief funding as an emergency requirement.

The bill sends $50.5 billion in federal aid to 12 states hit by Sandy.

The allotments break down thusly:

• $11.5 billion to replenish disaster relief funds from the Federal Emergency Management Agency;

• $10.9 billion for transit systems;

• $5.4 billion to rebuild and protect coastlines;

• $16 billion in community grants for businesses and homeowners.

(READ COMPLETE ARTICLE)

Towns’ Next Hit From Hurricane Is to Tax Revenue

Damaged Home

Photo by Robert Stolarik

nytimes.com - by Alison Leigh Cowan - January 24th, 2013

Localities across the New York region, already reeling from the cost of cleaning up from Hurricane Sandy, are confronting the prospect of an even bigger blow to their finances: a precipitous decline in property tax revenues.

A Month of Outrage Later, Senate Passes Sandy Relief

      

People walk along a beach in the heavily damaged Rockaway neighborhood in the Queens borough of New York on Friday, November 16.

cnn.com - by Matt Smith - January 28, 2013

(CNN) -- The Senate approved more than $50 billion in aid to states battered by Superstorm Sandy on Monday, four weeks after a delay that sparked bipartisan fury from Northeastern lawmakers.

The money includes grant funding for owners of homes and businesses, as well as funding for public improvement projects on the electrical grid, hospitals and transit systems to prevent damage from future storms. In a statement from the White House, President Barack Obama said he would sign the measure "as soon as it hits my desk."

(READ COMPLETE ARTICLE)

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