Connecticut officials rejected all 94 homeowner applications for federal money related to Superstorm Sandy aid, deciding instead to use the funds on storm-infrastructure projects for shore towns, a story in the Wall Street Journal says.
The decision, made by a committee of public officials, left homeowners angry, and had other officials wondering why the plan was not announced earlier, according to the story. The WSJ quotes Fairfield, Conn. Selectman Michael Tetreau as saying, "Why the heck didn't they say this last summer? This is like emotional torture for these people."
The homeowners had applied for funds from a $16.6 million Federal Emergency Management Agency grant, which would have reimbursed them for as much as 75% of their construction costs, the story notes.
Scott Devico, a spokesman for the state Department of Emergency Services and Public Protection, says in the story that the committee's decision is meant to provide the greatest benefit from the limited funds to the most number of people. He also says homeowners will be able to apply for other Sandy aid, such as $65 million that will be provided by the U.S. Department of Urban Development and a state-loan program.
To read the full story by Joseph De Avila, click here.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
