FEMA, SBA Assistance to New York Survivors Tops $1 Billion

NEW YORK, NY – December 21, 2012 – (RealEstateRama) — Federal disaster assistance for Hurricane Sandy survivors tops $1 billion in New York. The Federal Emergency Management Agency has approved grants of more than $802 million for rental assistance, home repairs and other needs. The U.S. Small Business Administration has approved low-interest disaster loans of more than $232 million to help homeowners and renters recover from uninsured property loss and other damages.