Today, Mayor Michael Bloomberg and HUD Secretary Shaun Donovan announced the government’s approval of the city’s Community Development Block Grant Recovery Action Plan, which will specifically designate where these bucket loads of money will be spent. The targets mostly include homeowner repairs, small businesses, and infrastructure renovations for the MTA and other agencies. With the approval, the city can finally start receiving the much-needed funds from Washington. Let the $1.77 billion spending spree begin.
The New York City skyline and Hudson River are seen from Hoboken, NJ as Hurricane Sandy approaches on Monday, Oct. 29, 2012. Hurricane Sandy continued on its path Monday, as the storm forced the shutdown of mass transit, schools and financial markets, sending coastal residents fleeing, and threatening a dangerous mix of high winds and soaking rain. (AP Photo/Charles Sykes) Photo: Charles Sykes/AP