Central Jersey News Today

Less than a year after federal Superstorm Sandy money's arrival in New Jersey, only 25% has been spent

5/5/2014

     New Jersey officials say they dispersed just 25 percent of the state's first large allocation of federal Superstorm Sandy aid in the first 11 months.  That's a finding of a quarterly state report on the dozens of programs funded through a $1.8 billion community development block grant awarded last year. Of that sum, $1.3 billion was committed by the end of March and $416 million had been handed out.  Unlike other federal disaster relief, the state gets to decide how to use this fund.  Much of it is allocated to rebuild and repair homes damaged by the October 2012 storm.  Under the biggest and most complicated housing program, the state said 2,000 of the 5,400 homeowners given preliminary awards had signed contracts to start receiving funds.


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