NY Rising Announces Over 280 Million in Payments to Flood Damaged Homes

The NY Rising Housing Recovery Program has distributed more than $280 million in payments to 6,388 homeowners for damages that resulted from Superstorm Sandy, Hurricane Irene, or Tropical Storm Lee. Every eligible homeowner who applied by January 20 has been issued a check for home reconstruction. Over 4,650 Nassau residents have been issued rebuilding payments totaling over $201 million and over 1,350 Suffolk residents have been issued over $65 million in rebuilding payments. Additionally through its buyout and acquisition program, the State has made offers totaling over $293 million to purchase the homes of 709 homeowners.

The program began accepting applications in April 2013. The deadline to complete applications for NY Rising Housing Recovery assistance in counties outside NYC is April 11. (For point of reference, New Jersey closed its applications on September 30, 2013 and the City of New York, which operates an independent housing assistance program, closed to new applicants October 31, 2013.)

These deadlines do not affect homeowners already in the program, in process of receiving their award, or those seeking clarification of their award. The community buyout program in which neighborhoods can opt-in to have the state buy out their entire neighborhood will also close April 11.

The funds were made available through State’s Community Development Block Grant Disaster Recovery (CDBG-DR) program, funded by the U.S. Department of Housing & Urban Development.

Homeowners interested in applying may do so by calling 1-855-697-7263 or visiting www.stormrecovery.ny.gov.