New Jersey Receives $1.8 Billion Of Sandy Recovery Monies

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Duane Morris LLP
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Duane Morris LLP, a law firm with more than 800 attorneys in offices across the United States and internationally, is asked by a broad array of clients to provide innovative solutions to today's legal and business challenges.
ew Jersey has received $1.82 billion allocation of Federal Sandy aid from the U.S. Department for Housing and Urban Development.
United States Tax
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New Jersey has received $1.82 billion allocation of Federal Sandy aid from the U.S. Department for Housing and Urban Development.  This initial allocation of Federal Sandy assistance will be distributed as Community Development Block Grants. The grants will be administered by the New Jersey Economic Development Authority in conjunction with the Department of Community Affairs. Governor Christie is required to provide a proposal to HUD for the use of the aid which will explain how New Jersey agencies will meet HUD's guidelines for allocating federal funds. The $1.82 billion represents New Jersey's first share of a total $16 billion in anticipated block grants that will be shared among storm-hit areas of New Jersey, New York City and New York State and Connecticut.

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New Jersey Receives $1.8 Billion Of Sandy Recovery Monies

United States Tax
Contributor
Duane Morris LLP, a law firm with more than 800 attorneys in offices across the United States and internationally, is asked by a broad array of clients to provide innovative solutions to today's legal and business challenges.
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