NYC aims to spend $1.8B for post-Sandy repairs, business loans

02/6/2013 | Washington Post, The

New York City Mayor Michael Bloomberg has announced plans for nearly $1.8 billion in federal aid, the first installment the city will receive from the federal Hurricane Sandy relief package. The plans include home repairs, business loans and other initiatives designed to help properties withstand future storms. City officials said they are hopeful that the plans will be approved by the U.S. Department of Housing and Urban Development and implemented by April or May.

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