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ALERT: FEMA Issues 6-Month Extension for Filing Sandy-Related Flood Insurance Paperwork

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New Deadline for Filing Sandy-Related Flood Insurance Documents Is April 28, 2014.

We are pleased to share that the Federal Emergency Management Agency (FEMA) has announced a 6-month extension to file paperwork for Super-storm Sandy-related flood insurance claims.

The change pushes the filing deadline from later this month to April 28, 2014.

The official memorandum from the National Flood Insurance Program announcing the change can be found here:

FEMA Issues 6-Month Extension for Filing Sandy-Related Flood Insurance Paperwork

Additional background information on the deadline extension can be found in this Wall Street Journal article:

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Repair grants offered for rental properties with Sandy damage

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Please share this with anybody who own rental properties. Even the ones who got settlements were only paid on an Actual Cash Value basis, causing many of them to lose thousands of dollars. This may provide some relief.

Repair grants offered for rental properties with Sandy damage

Landlords who own rental housing that was damaged during Hurricane Sandy can now apply for a grant to help pay for repairs and even elevation.
The Department of Community Affairs announced Wednesday that applications were being accepted for the Landlord Rental Repair Program, which will provide grants of as much as $50,000 per apartment or house. Landlords who accept the grants must then rent their property year-round at low to moderate-income rental rates.

“Because rental property restoration is critical to the long-term health of our state after Superstorm Sandy, we are pleased to add the Landlord Rental Repair Program to our overall housing recovery efforts,” DCA Commissioner Richard E. Constable III, said in a news release.
Only rental properties with 25 or fewer units are eligible for the program and the apartment or house must have been damaged during the storm. The state will prioritize the grants for landlords with seven or fewer units, housing where mold infestation is still a problem and housing that will be used for residents with special needs.
Property owners who have rental units in the nine counties most affected by Sandy also will be prioritized, but the grants can be used for properties in all counties as long as those apartments or houses were damaged during the storm.
The $70 million program is paid for through the $1.8 billion Community Development Block Grant funding allocated to New Jersey out of the $60 billion disaster aid package approved by Congress in January. As many as 1,500 apartments or rental houses will be helped in the program, the DCA said.

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Programs to Support Sandy-Impacted Homeowners & Businesses

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As part of our Delegation’s continuing efforts to assist in the state’s recovery and rebuilding efforts, we want to advise you that the application deadline is approach for the two important Sandy-housing assistance programs: (1) The Homeowner Reconstruction, Rehabilitation, Elevation and Mitigation (RREM) Program and (2) the Homeowner Resettlement Program.

Included below is background information on these two important programs which residents are strongly encouraged to submit an application prior to July 1st.

http://www.senatenj.com/index.php/email/email-district9/stronger-nj-business-grant-program-available-to-support-sandy-impacted-businesses/14196

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Electrical fire a risk for buildings flooded in Sandy – press of AtlanticCity.com: Atlantic County News

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Attached is a very interesting article from the Press of Atlantic City.
http://www.pressofatlanticcity.com/news/

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Report Here: Your Sandy Storm, Home and Flood Insurance Claim Experience

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flood-public adjusterI’d like to use this blog to compile & share actual experiences in the coming weeks and months. Please let us know the extent of your damage, what sort of adjuster came out to take a look at it and how was your experience with your adjuster. How long is it taking to get a full or partial estimate or settlement offer from your insurance company? Are you negotiating? Or are you using a public adjuster or a lawyer to represent you? Did you get a big check quickly? Are you thrilled with the result or not so much? Anything else you would care to share or spout off about?

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Cuomo tabulates $42B Sandy bill – Times Union

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ALBANY — Superstorm Sandy may have a greater financial impact than Hurricane Katrina, Gov. Andrew Cuomo asserted on Monday during a news conference to lay out the state’s pending request for $42 billion in federal aid.

via Cuomo tabulates $42B Sandy bill – Times Union.

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