FEMA AND SBA ASSISTANCE PROVIDED MAJOR DOLLARS TO STATE

In the six months since Superstorm Sandy hit the shores of New Jersey, survivors have been rebuilding their communities with more than $1.1 billion in federal funding. As part of the rebuilding effort the Federal Emergency Management Agency has approved $388 million in assistance to more than 60,500 individuals and households affected by Sandy. Of that financial help, $334.5 million has gone to items such as home repair and rental assistance, and $53.4 million has been dedicated to basic needs not covered by insurance.

The Small Business Administration has approved more than $734 million in low-interest disaster loans for homeowners, renters and businesses, with more than $607.6 million going to homeowners and $138.8 million allocated to businesses. The loans have been a significant source of working capital for small businesses to help alleviate economic losses.