AFTER SCHUMER’S PUSH, HOMEOWNERS THAT DECLINED SBA LOANS NOW ELIGIBLE FOR CDBG GRANTS; URGES STATEN ISLAND HOMEOWNERS TO APPLY FOR CDBG FUNDING IMMEDIATELY & URGES HUD TO ALLOW FLEXIBLE ELIGIBILTY DETERMINATIONS BY GRANTEES SO THEY CAN INCLUDE AS MANY HOMEOWNERS AS POSSIBLE

    -
    By New York RealEstateRama -

    New York, NY – July 31, 2013 – (RealEstateRama) — U.S. Senator Charles E. Schumer today urged Sandy-impacted homeowners on Staten Island to apply to New York City’s “Build it Back Program” now that the U.S. Department of Housing and Urban Development (HUD) has modified its guidelines to include more flexibility for those who originally turned down Small Business Administration (SBA) loans. Originally, HUD’s guidelines included a “duplication of benefits” policy that negatively impacted victims who were offered but turned down SBA loans, often times because they were prudently avoiding additional debt. Previously, for these homeowners the Community Development Block Grant (CDBG) assistance they would be eligible for

    RELATED ARTICLESMORE FROM AUTHOR

    Previous articleChristie Administration Begins Issuing $10,000 Homeowner Resettlement Checks To Families Impacted By Superstorm Sandy
    Next articleAt Gillibrand & Schumer’s Urging, Feds Lift Restrictions for Hundreds of Sandy Homeowners Currently Disqualified for Disaster Aid