Governor Cuomo Announces NY to Cover Local Share of Hurricane Irene Home Buyouts

By
Real Estate Agent with Shahar Management

In April Governor Cuomo announced federal approval of New York State's recovery action plan to help homeowners and businesses affected by Superstorm Sandy, Hurricane Irene and Tropical Storm Lee.  This recovery action plan is supported with $1.7 billion in HUD CDBG-DR funds.

After the Lee/Irene Declaration the State announced a federally supported mitigation program.  Affected counties and communities were given 3 opportunities to provide a letter of intent in 3 phases with the last one due on June 30, 2012.  These Letters of Intent delineated specific mitigation factors for the affected communities including buyouts.

Help For Superstorm Sandy Business Victims

The 17 counties included are Albany, Broome, Chenango, Clinton, Delaware, Essex, Greene, Montgomery, Orange, Otsego, Rockland, Schenectady, Schoharie, Suffolk, Tioga, Ulster and Westchester.

Approximately 1143 properties in 17 counties have been processed already for buyouts under FEMA's Hazard Mitigation Grant Program.  The estimated total project cost for the buyouts is over $194 million which puts the 25 percent non-federal share cost at approximately $48.5 million.

The devastation and destruction is still affecting New Yorkers almost a year later. 

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SHAHAR MANAGEMENT

 

Debbie Walsh, GRI, CNE, CHMS, REM | Office (845) 283-3036 |

website www.viewhudsonvalleyhome.com | search for homes

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Comments (10)

Ki Gray
SkiHomes.com LLC - Aspen, CO
SkiHomes.com - the ultimate snowsport home search!

Hope that rebuilding efforts continue.  Best of luck in Ny Debra!

May 20, 2013 04:17 AM
Dale Baker
Baker Energy Audits and Commercial Properties Inspections - Claremont, NH
New Hampshire Relocation Real Estate Information

Howdy and afternoon Debra

Debra my friend, that sure is mighty fine news for the folks ing those Counties!!! Those storm sure did a number of many folks!

Have a good one

Dale in New Hampshire

May 20, 2013 04:38 AM
Nick T Pappas
Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, @HomesBirmingham & Providence Property Mgmnt, LLC Hun... - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Debbie, that is good news and i'm sure residents are very appreciative for all the help they can get...I know it's going to be a long road to recovery.

May 20, 2013 06:27 AM
Andrea Swiedler
Berkshire Hathaway HomeServices New England Properties - New Milford, CT
Realtor, Southern Litchfield County CT

Debbie, good news, but boy these folks have waited long enough.

May 20, 2013 06:31 AM
Janis Borgueta
Key Properties of the Hudson Valley - Newburgh, NY
LIC RE Salesperson

It really has been quite a long time. It does take time to rebuilt though. I hope that we have a quiet season this year, but who knows.

May 20, 2013 10:18 AM
Rebecca Gaujot, Realtor®
Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Debra, it has been too long, but glad it is changing for the folks in all the counties. 

May 20, 2013 11:04 AM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

In many cases, the help is late in coming. In these extreme disaster cases, there should be a way to get relief and help much quicker, but I guess help is help, no matter when it comes.

May 20, 2013 11:05 PM
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

Good news, Debra - NJ got our share, too, and we're rebuilding. It shouldn't have taken this long.

May 22, 2013 08:38 AM
Elyse Berman, PA
Best Connections Realty, Inc. - Boca Raton, FL
Boca Raton FL (561) 716-7824 CRS, ABR, GRI,ePR

Debbie,  I've haerd it's still affecting NYers.  Unbelievable.  We are all praying for a quiet season this year.

May 27, 2013 12:53 PM
Debbie Walsh
Shahar Management - Middletown, NY
Hudson Valley NY Real Estate 845.283-3036

Thanks everyone for taking the time to read - so glad people are getting the help they need!

May 28, 2013 10:51 PM