Christie: Obama 'kept Every Promise' On Storm Aid
The programs the Republican governor wants to implement â¿¿ offering grants to rebuild damaged homes, no-interest loans for small businesses and giving landlords cash incentives to repair homes and rent them â¿¿ are standard for states receiving federal assistance after natural disasters. Some areas where the state says there are problems, such as repairing infrastructure and restoring the fishing industry, are not included in the plan. An expanded home buyback program for people living in flood-prone neighborhoods will be included in a later funding application.
The plan submitted to HUD includes $825 million for elevation and reconstruction of damaged primary residences; $255 million for displaced renters whose primary residences were damaged by the storm; and $300 million in small business grants. A $25 million allocation to promote storm-impacted shore communities is also included, as is $50 million to help municipalities continue to provide essential services without increasing taxes. Developers of public housing could see $104.5 million in zero- and low-interest loans of up to $120,000 per unit to create new permanent housing
Wayne Parry can be reached at http://twitter.com/WayneParryAC
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