From CBS New York:
Nearly a year after Superstorm Sandy made landfall, the city is getting another $1.34 billion in federal grant money for homeowners, businesses and climate change resiliency.
“The main focus the first year was on recovery — just recovering from the storm and letting the city function again. This second year is rebuilding — rebuilding our homes, rebuilding our small businesses, rebuilding our public works,” Sen. Charles Schumer said.
The funds make up the second allocation of Community Block Development Grants from the $60.2 federal aid package passed by Congress in January. Another $1.77 billion in aid, the first installment, was released the next month.
Mayor Michael Bloomberg said the federal assistance continues to to be critical to the city’s progress.
“We also recognize there’s far more work to do,” the mayor added.
Officials said the first allotment’s roll-out has been necessarily slow.
“We are not wasting the taxpayers’ money,” Bloomberg said. “We’ve tried to account for every single penny.”