New York - Governor Announces Housing Funds For Flooded Counties

New York - Governor George E. Pataki announced an unprecedented effort from the State’s three housing agencies – DHCR, SONYMA and AHC – to provide approximately $45 million in funding for capital projects and housing programs for the 12 counties hardest-hit by the floods of 2006. The funds will provide both immediate and long-term housing assistance to those victims whose homes have been completely destroyed or have suffered major damage. In addition, small retail business owners who have sustained flood damage to their stores and storefronts will receive assistance for rehabilitation and repairs.

The Governor also announced $5 million in state funding to help purchase properties that have experienced persistent flooding and are likely to face additional threats of floods in the future. This State funding, which could leverage up to $15 million in FEMA funds, will be available to homeowners who meet the program criteria and who want to move, or rebuild in a new, safer location. The acquired parcels will be used to preserve open space, manage wetlands, and provide areas for recreational activities.