- Long Island Housing Partnership is participating in numerous initiatives to help Long Islanders recover, including restoring electrical power and plumbing in low- to moderate-income (LMI) communities and assisting those displaced in relocating to temporary housing. As of this week, more than 260,000 homes were still without power in Long Island and almost 39,000 families have applied for assistance from FEMA. LIHP has requested the authority to use Homeownership Emergency Assistance Program (HEMAP) funds for emergency loans to address these issues while homeowners await funds from FEMA or private insurance sources.
- Margert Community Corporation in the Rockaways, Queens, has set up temporary headquarters to begin assisting the 1,000 area residents it serves with housing, support filing applications for FEMA assistance, and foreclosure prevention services. The Rockaway community was hit particularly hard by the storm. More than 19,000 homes remain without power and many homeowners suffered severe damage.
- Ironbound Community Corporation in Newark, New Jersey, will devote its two Family Success Centers to offering a broad range of relief assistance including support for families filing applications for FEMA assistance and insurance claims to repair their homes. The Ironbound community experienced some of the heaviest flooding in the region.
- Neighborhood Housing Services of Staten Island has established a special Staten Island Recovers Disaster Assistance Program to provide emergency loans to repair hurricane-damaged properties.
- Asian Americans for Equality (AAFE) will offer homeowners emergency loans in communities across New York City. The loans will help homeowners and tenants meet their immediate, short-term repair needs, enabling them to return home sooner.
The support of Citi Community Development builds on Citi’s efforts during the past ten days to assist with the post-Sandy response throughout the region. In the immediate aftermath of the storm, the Citi Foundation supplemented its annual $500,000 grant to the American Red Cross with an emergency $1 million donation to help the organization with rapid relief efforts. Citi also made contributions to organizations focused on local recovery efforts, and Citi volunteers delivered food, water and other necessities to many of the area's most hard-hit communities. Citi has also donated $50,000 to the Staten Island-based Stephen Siller Tunnel to Towers Foundation for relief efforts, and $50,000 to the Friends of Hudson River Park for repair efforts.The company also enabled Citi ThankYou® Rewards members to use their points to make donations to the Red Cross at www.thankyou.com. Citi also took steps to help its customers through this difficult time by providing financial recovery solutions, access to cash, and certain fee waivers, as well as waivers for late payment charges, payment extension or forbearance options, and a temporary suspension on foreclosure sales for impacted homeowners in designated areas. Citi Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://citi.com/blog | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi Citi Community Development Citi Community Development is leading Citi’s commitment to achieve economic empowerment and growth for underserved individuals, families and communities by expanding access to financial products and services, and building sustainable business solutions and innovative partnerships. Our focus areas include: commercial and philanthropic funding; innovative financial products and services; and collaborations with institutions that expand access to financial products and services for low-income and underserved communities. For more information, visit www.citicommunitydevelopment.com.