OPINION: Schumer says feds must provide Sandy grants to co-op, condo owners
U.S. Sen. Charles E. Schumer on Wednesday called on the U.S. Department of Housing and Urban Development (HUD) to restructure federal aid formulas so that cooperative and condominium owners whose properties were damaged by Superstorm Sandy can receive help.
Co-op and condominium owners are not currently eligible for Federal Emergency Management Agency (FEMA) grants to cover the cost of repairs to common areas and infrastructure.
Schumer is asking the Department of Housing and Urban Development (HUD) to establish program guidelines for eligible recipients, using Community Development Block Grants (CDBG), to help co-op and condo homeowners repair damage incurred by Sandy.