Delaware Finance

May 17 2018

NYC Sandy Funding Tracker

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Hurricane Sandy Business Loan and Grant Program Contributions to NYC Jobs

The Hurricane Sandy Business Loan and Grant Program (HSBLGP), originally a $42 million program, has awarded more than $55 million in grants and loans to 350 for-profit small businesses that currently operate in the five boroughs and experienced loss, damage, and/or interruption as a result of Hurricane Sandy. Businesses received funding for three different categories: moveable equipment (where no installation is required), inventory, and/or working capital.

To date, the Department of Small Business Services (SBS) has disbursed around $54 million to 339 businesses across NYC and projected to have the remaining funds disbursed by the end of 2017 calendar year.

Program Changes to Streamline Assistance

To streamline relief for businesses impacted by Hurricane Sandy, Mayor de Blasio announced a series of changes in March, 2014 to the Hurricane Sandy Business Loan and Grant Program:

Businesses that experienced impacts as a result of the storm can now access up to $100,000 in grant assistance. Eligible applicants with unmet disaster recovery needs greater than $100,000 who demonstrate an ability to repay loan assistance may qualify for both a grant and loan up to $1.1 million. In cases of severe unmet disaster recovery needs, these applicants may receive all grant assistance. Applicants with unmet disaster recovery needs greater than $1.1 million will receive matching loans and grants. Loans received through the program have a 1% interest rate and five-year repayment period. Program restrictions still apply; businesses must still demonstrate impacts related to Hurricane Sandy and have remaining unmet disaster recovery needs after accounting for all other assistance received.

In addition to the program changes, extra resources were dedicated to speed up the application process and provide technical assistance to businesses as they submitted application materials.

Assistance for Impacted Businesses

Business PREP. Preparing Small Business Protecting Investments

The Business Preparedness and Resiliency Program (PREP) administered by the Department of Small Business Services aims to help small businesses better prepare for emergencies and enhance the resiliency of their operations, assets, and physical space. Assistance includes resiliency workshops, on-site risk assessments and preparedness grants, and online resiliency resources for businesses across the City to learn more about how to prepare their business for future disasters. Business PREP is funded through $3 million from the City s CDBG-DR allocation and $4.51 million from the New York State s Governor s Office of Storm Recovery (GOSR) NY Rising Community Reconstruction (NYRCR) Program.

To date, the program has provided business continuity planning information and emergency preparedness information to over 300 business owners through workshops and webinars in all five boroughs. In November 2016, the program began providing NYC small businesses with customized, one-on-one risk assessments and preparedness grants. The assessments and grants will help more than 500 Hurricane Sandy-impacted businesses better prepare their staff and operations for emergencies, as well as protect their assets and investments. Approximately $1.77 million dollars in grants will be distributed to small businesses through the program.

RISE. NYC, Resiliency Innovations for a Stronger Economy

RISE. NYC is a Superstorm Sandy business recovery program to identify and deploy innovative technologies that help improve the resiliency of NYC s small businesses to the effects of future storms and climate change. Through the course of a global competition, the City selected 11 of the most promising, market-ready resiliency technologies across three categories: energy, telecommunications, and building systems. The City is providing up to $28 million in CDBG-DR funding for the installation of the selected resiliency technologies at Sandy-impacted small businesses throughout the City.

Project implementation has begun for all 11 RISE. NYC projects, with over $8.7 million dispersed to technology providers. As of May 2017, the first technology installations have been completed on the Rockaway peninsula, and over 120 Sandy-impacted small businesses have been approved to receive free resiliency technologies through the program.

Program Progress on Housing Recovery

Build It Back single family home construction has seen significant progress in the last year with the completion of 1,600 homes since October 2016. As of June 2017, where the City is managing construction, which comprises the vast majority of Build It Back homes, 99 percent will have started construction and 90 percent are complete. Nearly 80 percent of all construction projects are complete, including homeowner-managed construction.

The program s significant momentum over the past three years stems from the Mayor s overhaul of Build it Back in 2014. Details of the overhaul and the areas of progress can be found in the October 2016 update report (the initial report from April 2014 can be found here ).

Click Here for more information about Housing Recovery Progress.

Recovery activities are underway throughout the five boroughs. Use the links below to find out what is happening in your area.

Build it Back Map – I nteractive view of recovery progress from Build It Back s Single-Family and Multi-Family programs.

FEMA Public Assistance Map – Facilities damaged by Sandy receiving federal funding (includes FEMA-PA, FHWA-ER, and FTA-ER).

Resilience Map – Federally funded projects to strengthen New York City against future disasters.

Congress allocated over $50 billion to fund recovery efforts for Hurricane Sandy, the second costliest storm in U.S. history. More than $15 billion of this funding is anticipated to benefit recovery in New York City.

Some funding is provided to and administered by the New York City government, while other funding is directly administered by federal agencies. Click here for a full overview of funding sources .

Federal Funding for Sandy Recovery in NYC

Administered by The New York City

1. Total does not include over $600 million estimated in other federal funding programs, such as the Federal Highway Administration s and the Federal Transit Administration s Emergency Relief programs.

Accomplishments Q1 2017

In the first quarter of 2017, the City was awarded over 100 million dollars for repairs and resiliency upgrades for damaged infrastructure. Highlights include:

Department of Parks and Recreation

  • $52M to repair flood damages and make significant improvements at Rockaway Beach in Queens, NY. The City worked diligently with FEMA to develop projects that will restore flood-damaged boardwalk and other infrastructure, and also make improvements to increase resiliency and mitigate future flood hazards.
  • $10M to repair structural and equipement damages at Paerdegat Athletic Center and Grounds in Brooklyn, NY.

Health and Hospitals Corporation

  • An additional $18M for Emergency Protective Measures undertaken in the immediate aftermath of Hurricane Sandy to reduce or eliminate threats to life, health and safety at Bellevue, Coler, Coney Island and Metropolitan Hospitals, including: de-watering, decontamination, drying out of flooded areas, and other remediation measures to prevent further damages.

Department of Environmental Protection

  • $3.7M for repairs and upgrades to various Wastewater Treatment Plants located throughout New York City. Facilities receiving federal funds include Red Hook WWTP, Newtown Creek WWTP and Coney Island WWTP in Brooklyn, NY, and Bowery Bay WWTP and Tallman Island WWTP in Queens, NY.

* These jobs numbers do not include the emergency work jobs created by National Emergency Grants paid for by the U.S. Department of Labor.

Recovery activities are underway throughout the five boroughs. Use the links below to find out what is happening in your area.

Build it Back Map – I nteractive view of recovery progress from Build It Back s Single-Family and Multi-Family programs.

FEMA Public Assistance Map – Facilities damaged by Sandy receiving federal funding (includes FEMA-PA, FHWA-ER, and FTA-ER).

Resilience Map – Federally funded projects to strengthen New York City against future disasters.


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