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The City's plan for spending federal disaster recovery aid has been approved by the Department of Housing and Urban Development. The first $1.7 billion in federal funding will be released this summer. Most of the funds, $648 million, will go to repairing homes and strengthening them against future flooding. There is also funding for low income rentals subsidies, city infrastructure and loans for businesses. Mayor Michael Bloomberg and HUD secretary Shaun Donovan are scheduled to announce the plan's approval today at City Hall. Those looking for grants will be able to apply by calling the city's 311 help line or by going to nyc.gov.
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The federal government has approved the state's plan for spending $1.7 billion in funds to help communities rebuild from Superstorm Sandy.
New York City is covered by a separate plan that officials say was submitted this week and will be approved soon.
Congress approved a plan setting aside $50.5 billion in Sandy relief for all impacted states. New York is expected to get around $30 billion of those funds eventually.
The state's plan provides block grant funds that are designed to be more flexible than other FEMA loans and insurance plans. "We got to communities and we say, 'You tell us what you need to restore your community,'" Gov. Andrew Cuomo said at a press conference earlier today announcing the federal government's approval of the state plan.
He was joined at the press conference by Shaun Donovan, the secretaroy of Housing and Urban Development, and Sen. Chuck Schumer.