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Posted: March 13th, 2014 | Author: admin | Filed under: Bob Menendez, Chris Christie, Christie Administration, Superstorm Sandy | Tags: Bob Menendez, Chris Christie, Christie Administration, Community Development Block Grant Disaster Recovery Action Plan, HUD, Reconstruction Rehabilitation Elevation and Mitigation, RREM, RREM grants, Superstorm Sandy | 1 Comment »
The Christie Administration announced this morning that government aid to assist businesses in recovering from the Seaside Boardwalk fire will only cover costs not reimbursed by insurance proceeds or by the Small Business Administration (SBA).
Governor Christie announced over the weekend that the New Jersey Economic Development Authority (EDA) will make $15 million in Community Development Block Grant Disaster Recovery monies available to affected businesses in the form of $50,000 grants and loans free of interest and principle payments for two years.
In announcement that the EDA will be providing CDBG-DR funding for debris removal assistance, the administration said, “the State will conduct an analysis of duplication of benefits and ensure that the CDBG-DR funds are used only to cover costs not already paid by other sources, such as insurance or SBA. For the demolition of private structures, the state and/or municipality will place a lien on the property to enable recapture of any duplicative insurance proceeds, should they be paid later.”
Posted: September 16th, 2013 | Author: Art Gallagher | Filed under: Chris Christie, Christie Administration, Community Development Block Grant, EDA | Tags: CDBG, CDBG-DR, Christie Administration, Community Development Block Grant Disaster Recovery Action Plan, Community Development Block Grants, EDA, Seaside Fire | 2 Comments »
What New Jersey Residents Need To Know About The Christie Administration’s Proposed First Community Development Block Grant Disaster Recovery Action Plan
“This plan puts into motion the specific actions we’ve been designing to get relief out as quickly as possible to our Sandy-impacted homeowners and businesses – to reconstruct, rehabilitate and elevate homes, and to get over hurdles for our small businesses to get up and running again. These programs have been carefully, but quickly designed to fill the unmet needs faced by our residents to rebuild in a safer, more enduring way, to strengthen our impacted local economies going into this summer, and to help preserve the unique character of our shore communities as we’ve known them. With this first round of funding, we will also begin an aggressive marketing effort to let people both in the region and across the country know that New Jersey is rebounding and that the Jersey Shore will be open for business this summer.”
– Governor Chris Christie
The Christie Administration today unveiled its proposed Community Development Block Grant Disaster Recovery Action Plan, which outlines how the State plans to utilize $1,829,520,000 in federal funding. This is the first phase of Community Development Block Grant funds provided to New Jersey by the U.S. Department of Housing and Urban Development. Additional CDBG recovery funds are expected in the coming months. With this first phase of funding, the Christie Administration is focusing primarily on helping homeowners, renters, businesses and communities impacted by Superstorm Sandy.
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Posted: March 12th, 2013 | Author: admin | Filed under: Chris Christie, Christie Administration, Hurricane Sandy, Press Release, Superstorm Sandy | Tags: Christie Administration, Community Development Block Grant Disaster Recovery Action Plan, Community Development Block Grants, Disaster Recovery Action Plan | Comments Off on Taking Action To Distribute The Necessary Resources For The Rebuilding Process