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State programs to assist home and business owners affected by superstorm Sandy

A man walks his dog among the devastation

A man walks his dog among the devastation on Illinois Avenue in Long Beach. (Nov. 7, 2012) (Credit: Howard Schnapp)

Nassau County Executive Edward P. Mangano has announced three state programs, administered by the county, to assist home and business owners impacted by superstorm Sandy. Implementation of the programs is moving forward, he said, with the understanding that funds, though approved by Congress, are not yet available. Details of the programs are being developed and might change before final versions are released.

All residents are encouraged to visit nysandyhelp.ny.gov to begin the pre-application process.

New York State programs:

Residential: Grants of up to $50,000 to $100,000 or more, if justified, are available to residential homeowners or rental property owners (fewer than four rental units; more than four units have a separate program) who suffered a structural loss. This money will be above and beyond what FEMA and insurance coverage has allowed (if the claimed funds were not enough to cover the extent of damage). Homeowners must register for a pre-application.

Business: Grants of $50,000 to $100,000 or more, if justified, are available to business owners who suffered a loss. A 2 percent (or less) seven-year loan for up to $1 million is also available. These funds are above and beyond FEMA or insurance payments or SBA funds. Business owners must register for a pre-application.
 

Tags: Nassau County Executive Edward P. Mangano , superstorm Sandy

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