An additional $700 Million of federal funds will be allocated to the Build It Back program which has done wonders for Staten Islander's hit hard by Hurricane Sandy. The funding comes from the 1.4 billion dollars the city was awarded for community devlopment. According to The Staten Island Advance, the breakdown is as follow- "Slightly more than $1 Billion will go towards housing- the bulk of it, $716 million, to rebuilding or repairing one to four family homes through Build it Back."
According to the city, the funds set aside for home repairs should be enough to cover damages incurred by "priority one" homeowners. The residual should cover some reimbursement to "priority two" homeowners. Even still, the city expects to see more money funded into the program from the $68 billion federal relief package passed last year.
The money will also fund projects other than housing including city infastructure needs. Public facilities will be rebuilt and costal protection plans will be funded into action.
For more information on the build it back program please visit the link provided below.