NEW YORK (CBSNewYork) — The first installment of New York City’s federal aid for Superstorm Sandy victims will go for grants to homeowners and businesses.
But some victims say Mayor Michael Bloomberg’s plan to get the money flowing by spring or early summer isn’t fast enough, CBS 2’s Marcia Kramer reported Wednesday.
It took months for the federal government to green light a $51 billion aid package for storm victims, but it took Bloomberg only one day to lay out plans to spend much of the first installment.
“They’re designed to meet the most urgent needs of communities that Sandy hit the hardest,” Bloomberg said.
And it’s no surprise that the biggest chunk of the $1.8 billion pot is earmarked for housing recovery — grants to buy generators for public housing developments and to help some 9,300 people repair and rebuild their homes.