FEMA Launches Rapid-repair System In NJ
TRENTON, N.J. (AP) Some New Jersey residents whose homes were damaged in Superstorm Sandy can now get grants of up to $10,000 for quick repairs under a pilot program announced Friday.
Under the Federal Emergency Management Agency's Sheltering and Temporary Essential Power program, repairs to make homes inhabitable will be covered.
Residents of Atlantic, Cape May, Middlesex, Monmouth and Ocean counties can apply for the grants through their town governments for money to pay for repairs to electrical meters and electrical, heat and hot-water systems. Work on exteriors is also eligible if it would prevent further damage or protect residents' lives or property. The work must be done within 60 days of when the grants are approved.
The federal government is to pay three-fourths of the costs of the grants and the municipal governments to pay one-fourth.
FEMA launched a similar program in New York City soon after the storm hit in late October. Gov. Chris Christie requested the program be put in place in New Jersey, too. "We have made great strides since the height of the storm in restoring utility service and getting people back in their own residences, and this program will allow us to continue that work for those families facing these last hurdles to returning home," he said in a statement Friday. The idea is to get people back into their homes where possible, even if other repairs may be needed. Many homeowners also qualify for insurance payments for damage. They can also receive additional grants from FEMA and low-interest loans from the federal Small Business Administration to help pay for repairs. As of Thursday, more than 2,600 New Jersey households were still staying in hotels or motels with the rooms paid for by FEMA. FEMA inspectors determining how much repair grant money a home qualifies for had evaluated more than 106,000 structures and the SBA had approved more than $44 million in loans for home repairs and $4 million for businesses.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV