Storm Recovery Grants for Co-ops & Condos

Riverdale’s Congressman Eliot Engel (D-NY-16) will co-sponsor legislation to make it easier for condominiums and cooperatives to be eligible for Federal Emergency Management Agency (FEMA) Individual Assistance, and eliminating the cap on aid so that residents can have full access to recovery from natural disasters, now given to stand-alone homes.  Currently, they are only eligible to receive loans, not grants, because they are classified as “business associations” under FEMA rules.

Read the full text of Representative Engel’s July 29, 2013 statement

Copyright © . Association of Riverdale Cooperatives & Condominiums. All rights reserved. | Wordpress Customization by Chrein.com