By *Jennifer Rutter
Blog Topic: Housing/Entitlement Programs
Low-Income Households Get Relief From Hurricane Sandy
Hurricane Sandy produced devastating affects on hundreds of thousands of people, but its aftermath has had a greater impact on low-income households. Of the Sandy-related federal aid claims made by New York and New Jersey households, 43% had an income less than $30k while 68% of renters that made FEMA claims were low-income.
Fortunately, the Department of Housing and Urban Development (HUD) has acted quickly and released the first round of the $16 billion in Community Development Block Grant funding from the Disaster Relief Appropriations Act of 2013 designed to restore housing and revitalize the economy in the regions most impacted by Hurricane Sandy.
New Jersey’s Housing Voucher Program, funded by HUD, is providing displaced low-income households with vouchers to assist people in obtaining a permanent residence, which has been especially hard for renters. Homeowners in New Jersey may also be eligible for a mortgage forgiveness if they are unemployed or underemployed.
Additionally, affected homeowners with Federal Housing Administration (FHA), Fannie Mae, or Freddie Mac mortgages that are facing foreclosure have been given an additional 90 days and the FHA has agreed not to evict persons in impacted areas through April 30, 2013.
Although income levels made no difference to Hurricane Sandy’s path, the government has recognized the higher necessity among the impacted low-income households and acted accordingly.
The opinions expressed herein are strictly those of the author and do not necessarily reflect the opinions of the Widener Journal of Law, Economics & Race.
*Jennifer Rutter is currently the 2013-2014 Bluebook Research Editor for the Widener Journal of Law Economics & Race. To learn more about Jennifer click here to visit her page.