Mayor Bloomberg announces distribution of $1.8B in Superstorm Sandy aid

The mayor says nearly $1.8 billion will go toward homeowners and community development.

The mayor says nearly $1.8 billion will go toward homeowners and community development. (2/6/13)

Mayor Michael Bloomberg announced today that a portion of New York City's federal Superstorm Sandy recovery money will be used to help homeowners repair their properties.

The city is getting nearly $1.8 billion during the first round of aid distribution from the government. Much of that money will also be used toward community development.

The funds are only a portion of a $50 billion aid package approved by Congress last month.  

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