Flood Aid Will Help Rockaways
Assemblyman Phil Goldfeder ann-ounced that a bill he supported was signed into law by the governor. The law will provide $50 million statewide in flood relief and include a job-retention tax credit to businesses affected by tropical storm Irene.
“This law will provide our community with the help that we desperately need in the form of grant funding,” Goldfeder said. “It will create jobs to assist the rebuilding process and provide additional assistance to small businesses still trying to get back on their feet since the storms.”
The flood relief grants will help reverse physical and economic damage stemming from the hurricane and tropical storm season. The $50 million in aid will be distributed as follows:
$21 million for direct grants to small businesses, multiple dwellings and notfor profits that sustained direct flood-related damage from tropical storm Irene;
grants of up to $20,000 to provide storm-related repairs and restorations and other storm-related costs not covered by any other governmental assistance programs or private insurance;
$9 million allocated to counties in support of flood control or flood mitigation projects; and
$20 million to address unmet flood costs borne by cities, pursuant to a plan and criteria developed by the executive and legislative branches, which may include meeting the local share of federal assistance given.
“This is a great step toward getting affected areas back on their feet,” Goldfeder said.
“I have fought hard to help my district pick up the pieces after tropical storm Irene hit our community. This new funding will go a long way to help the remaining work get done.”
Details on where and how to apply will follow shortly; for more information on this and other issues, please visit Goldfeder’s website (assembly.state.- ny.us/mem/Phillip-Goldfeder).