New York City Outlines Plan For Spending $1.8 Billion In Federal Sandy Block Grants
New York City Mayor Michael Bloomberg has announced an allocation plan for the $1.77 billion in federal Community Development Block Grants that are part of the Sandy disaster relief bill HR 152. It is not clear if mitigation of climate pollution is part of planned investments in housing, business, and infrastructure resiliency.
- Housing Recovery – $720 Million
- Single-Family Rehabilitation: $350 million to establish a grant program for up to 9,300 homeowners whose residences were sustained damage as a result of Hurricane Sandy and need additional funding to restore their homes, implement resiliency measures and remediate mold. Will assist up to 1,000 low-, moderate- and middle-income one- and two-family homeowners whose primary residences were destroyed or had major damage, and 8,300 low-, moderate- and middle-income homeowners whose primary residences were damaged but not destroyed.
- Multi-Family Rehabilitation: $250 million to fund programs to enhance the resiliency of up to 12,790 units of housing for low-, moderate- and middle-income New Yorkers damaged by Sandy that still require significant resources to permanently address damage and resume sustainable operations. The City’s program will provide grants and low-interest loans, depending on need and scope.
- Public Housing: $120 million to address initial resilience measures for public housing developments, such as permanent emergency generators at key buildings to provide backup power to critical building systems.
- Business Recovery – $185 Million
- Business Resiliency Investments: $100 million to provide grants to up to 1,300 businesses. $100,000 per company will go to small- and mid-sized companies, and $1 million per company will go to large companies in vulnerable areas. Program will require companies to commit to reinvest in their New York City presence.
- Expanded Loans and Grants: $80 million to provide loans and grants to as many as 1,000 businesses. This program will provide expedited low-interest loans of up to $150,000 on similar terms to the City’s existing emergency loan program; provide expedited grants of up to $60,000 to affected businesses; and invite community development finance institutions to compete in a business plan competition to solicit ideas for additional loan and grant programs which would then be funded on a pilot basis, with the best program(s) then funded at scale.
- Innovations in Resiliency Technologies Competition: $5 million to allocate, through “Race-to-the-Top”-style competitions, grants to the most innovative and cost-effective ideas for demonstration projects featuring resiliency products and technologies that can be replicated citywide.
- Infrastructure Resiliency – $140 Million
- Neighborhood Game-Changer Investment Competition: $100 million to jump-start economic activity in the five Business Recovery Zones by allocating, through “Race-to-the-Top”-style competitions, grants to the most innovative and effective investment ideas for spurring long-term economic growth. Possible ideas could include attraction of growing companies and/or companies of significant size, attraction of companies that serve the needs of underserved populations, or other transformative investments in key corridors.
- Critical Utility Infrastructure Resiliency Competition: $40 million to allocate, through “Race-to-the-Top”-style competitions, grants to the most innovative and cost-effective resiliency measures identified by the utilities for their critical networks. Grants will be allocated to utilities in one or more of the following categories: i) liquid fuel networks; ii) other energy networks (power, steam, natural gas); and iii) telecommunications networks (wires and wireless).