CT Gov: Superstorm Sandy Aid Tops $367 Million
By JOHN CHRISTOFFERSEN
NEW HAVEN, Conn. (AP) â¿¿ More than $367 million in federal assistance has been approved to help the state with disaster expenses related to Superstorm Sandy, Conn. Gov. Dannel P. Malloy said Friday as other officials highlighted recovery needs along the shoreline.
The funding is for short-term rental assistance and home repair costs, medical and dental expenses, lost personal possessions, low-interest disaster loans for homeowners, renters, businesses and private nonprofit organizations and disaster unemployment assistance. More than 12,000 residents registered for federal disaster assistance.
Nearly 6,000 flood insurance claims totaling $220 million have been paid, representing more than 96 percent of the total National Flood Insurance Program claims in the state following the late October storm, officials said. Additional federal funding is going to rebuilding and recovery efforts and repairs to roads and bridges."As the recovery process continues," Malloy said, "these funds have helped many homeowners and businesses get back on their feet." Malloy, a Democrat, last month released a draft plan related to $71 million in additional funding to the state. He said that proposed plan, which will be considered by lawmakers next week, is designed to help communities most affected by the storm rebuild in a way that makes them more resilient to storms. Superstorm Sandy, which was spawned when Hurricane Sandy merged with two other weather systems, caused more than 150 deaths nationwide and $50 billion in damage, the National Hurricane Center said. In Connecticut, a few deaths were reported and hundreds of thousands of business and residential customers lost power. Officials toured New Haven's Sound School, which suffered $500,000 to $1 million in damage from Sandy, and viewed storm damage in Bridgeport and Stamford. U.S. Rep. Rosa DeLauro, a Democrat, cited numerous needs, including repairing sea walls, addressing beach erosion and dredging harbors, and said coastal towns need federal assistance to make the repairs. Officials also noted some residents are still displaced from their homes.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV