October 29, 2016
Albany, NY

Governor Cuomo Announces More Than $1.5 Billion in Recovery Funding Has Supported New York Property Owners and Businesses

TOP Governor Cuomo Announces More Than $1.5 Billion...

Funding has Aided the Recovery Efforts of 13,000 Property Owners and More Than 1,000 Small Businesses Over Past Four Years

1,100 Destroyed or Vulnerable Properties Purchased for $430 Million and Converted to Natural, Open Spaces or Auctioned for Redevelopment

 

Governor Cuomo's Transformation of New York's Tunnels will Install New Barriers to Block Floodwater

WYSIWYG

State Recovery Efforts Detailed in NY Rising 4th Anniversary Report

On the fourth anniversary of Superstorm Sandy, Governor Andrew M. Cuomo today announced that New York property owners and businesses have been awarded more than $1.5 billion in storm recovery funding. As detailed in the NY Rising 4th Anniversary Report, this funding has supported the recovery efforts of nearly 13,000 property owners and more than 1,000 small businesses.

"In the wake of Superstorm Sandy, New York came together as one and built back better and stronger than ever before," Governor Cuomo said. "We have provided assistance to thousands of homeowners and small businesses, while tackling the threat of global climate change head on – investing billions in our communities to improve resiliency and harden our infrastructure in the face of future storms. We continue to work with all federal and local partners to ensure this state is fully prepared and ready to protect future generations of New Yorkers from extreme weather." 

Since Governor Cuomo created the Office of Storm Recovery:

  • More than $1 billion has been awarded to assist 11,000 New Yorkers with the repair and reconstruction of their homes
  • More than $76 million has been awarded to rebuild 750 rental properties.
  • An additional $26 million has been awarded to supplement unexpected recovery costs accrued by some households.
  • A total of 1,100 of destroyed or vulnerable properties have been purchased for $430 million and converted to natural, open spaces or sold at auction for redevelopment
  • More than $49 million has been awarded to 1,043 small businesses to support the replacement of essential equipment and inventory, renovation of facilities, or to obtain working capital.
  • Nearly $300 million has been awarded for Community Reconstruction, Infrastructure and Rebuild by Design programs.

In addition to supporting property owners and businesses with their recovery, New York has aggressively invested in strengthening the state's resiliency in the face of the increasingly large storms. Previously, New York’s tunnels were built to protect against a 100-year flood, but the devastation wrought by Hurricanes Sandy and Irene demonstrated a need to enhance protections to withstand a 500-year flood. 

As part of Governor Cuomo's Transformation of New York's bridges and tunnels, tunnels throughout New York City will be protected by new water-tight barriers installed to block floodwater from entering the tunnel and its facilities. Additionally, tunnels will have increased submersible pumping capacity to protect against flooding.

Additionally, the MTA's 2015-1019 Capital Plan includes numerous measures to fortify New York City's Subway system against flooding; the Division of Homeland Security and Emergency Services has established the NYS Mesonet to improve weather monitoring; strategic fuel reserves have been established throughout the state; and over 125,000 New Yorkers have been trained in handling disaster situations through the Citizen's Preparedness Corps.

Governor's Office of Storm Recovery Executive Director Lisa Bova-Hiatt said, "As a hallmark of our programs, GOSR has remained committed to balancing top-down directives with bottom-up strategies− seeking to satisfy programmatic goals while empowering New Yorkers to actively participate in the recovery process. Out of the enormous tragedies of recent storms, we have found the hope and opportunity to reengineer, reinvent and rethink our communities in extraordinary ways, making unparalleled investments that will make us more robust and more prepared than ever before. Looking forward, we continue to transition away from emergency response toward the execution of long-term resiliency projects and goals."

On October 29, 2012, Superstorm Sandy struck the New York metropolitan region, causing unprecedented damage to as many as 300,000 housing units, disrupting power for two million utility customers, and affecting various methods of transportation (including roads and public transportation systems). A total of 61 individuals died throughout the state as a result of the storm, which came less than a year after Hurricane Irene and Tropical Storm Lee.

 

More information can be found at http://stormrecovery.ny.gov/.

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