Sign in to comment!

Menu
Home

Disasters

Bureaucratic hurdles mean long waits for rebuilding aid for Sandy victims in NY and NJ

As a second New Year since Superstorm Sandy approaches, many coastal residents are still waiting for New York, New Jersey and New York City to distribute billions of federal dollars that were supposed to go directly to people struggling to rebuild their homes.

Only a fraction of that money has been spent, leaving storm victims in a frustrating maze of bureaucracy.

Checks could be in the mail by New Year's Day for many storm victims, but major disparities are emerging in terms of how quickly people can expect to get help.

Long Island homeowners could get at least $338 million in aid payments by Jan. 1.

But New York City residents could wind up waiting months and New Jersey has 8,200 people on a waiting list for rebuilding grants.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.12% dw 4.18%  
15 Y Fixed Graph 3.25% up 3.21%  
30 Y Fixed Jumbo Graph 4.55% dw 4.69%  
5/1 ARM Graph 3.48% up 3.32%  
5/1 Jumbo ARM Graph 3.45% dw 3.71%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.30% up 4.29%  
$50K HELOC Graph 4.06% up 4.04%  
$30K Loan Graph 5.10% -- 5.10%  
$50K Loan Graph 4.53% -- 4.53%  
$75K Loan Graph 4.53% -- 4.53%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.92% dw 2.93%  
36 M Used Graph 3.42% dw 3.46%  
48 M New Graph 3.21% dw 3.22%  
48 M Used Graph 2.99% -- 2.99%  
60 M New Graph 3.23% dw 3.24%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.38% up 0.37%  
1 yr Graph 0.70% -- 0.69%  
5 yr Graph 1.47% -- 1.47%