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DONOVAN ANNOUNCES APPROVAL OF NEW YORK CITY’S DISASTER RECOVERY PLAN

DONOVAN ANNOUNCES APPROVAL OF NEW YORK CITY’S DISASTER RECOVERY PLAN

WASHINGTON, DC – May 13, 2013 – (RealEstateRama) — U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today announced HUD’s approval of New York City’s disaster recovery plan to help homeowners and businesses following Hurricane Sandy. Funded through HUD’s Community Development Block Grant (CDBG) Program, New York City’s action plan calls for a combined $1.77 billion investment in a variety of housing, infrastructure and business recovery activities

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HUD

U.S. Department of Housing and Urban Development (HUD) is the nation’s housing agency committed to increasing homeownership, particularly among minorities; creating affordable housing opportunities for low-income Americans; and supporting the homeless, elderly, people with disabilities and people living with AIDS. The Department also promotes economic and community development, and enforces the nation’s fair housing laws.

Contact:

Brian Sullivan
(202) 708-0685