AGENCY FINANCIAL REPORT FY 2013: Section I

 

HURRICANE SANDY Hurricane Sandy Image

OVERVIEW

On October 29, 2012 multiple weather systems – including Hurricane Sandy – collided over the most densely populated region in the nation, with devastating and tragic results. At least 159 people in the United States were killed as either a direct or indirect result of Sandy. More than 650,000 homes were damaged or destroyed and hundreds of thousands of businesses were damaged or forced to close at least temporarily. The power of nature was set loose on our nation’s largest city and some of our smallest coastal towns, with results that would have previously seemed unimaginable. Lives were lost, millions of homes were upended, families were made homeless in a single night, and entire communities were in shock at the scale of the loss.
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STRATEGIES

This Rebuilding Strategy establishes guidelines for the investment of the Federal funds made available for recovery and sets the region on the path to being built back smarter and stronger with several outcomes in mind:

  • Aligning this funding with local rebuilding visions.
     
  • Cutting red tape and getting assistance to families, businesses, and communities efficiently and effectively, with maximum accountability.
     
  • Coordinating the efforts of the Federal, State, and local governments and ensuring a region wide approach to rebuilding.
     
  • Ensuring the region is rebuilt in a way that makes it more resilient -- that is, better able to withstand future storms and other risks posed by a changing climate.

The Task Force identified direct areas of assistance to more areas that needed rebuilding priorities for Infrastructure, Housing, Small Business, and Insurance.

  • Infrastructure
  • Energy
  • Communications
  • Green Infrastructure
  • Transportation
  • Storm water Management and Drinking Water and Wastewater Treatment Systems
  • Public Medical Facilities and Schools
  • Housing
  • Small Business

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MEASURING OUR PROGRESS

 

 

The three departments with the largest portion of recovery funds are HUD, the Department of Transportation (DOT), and Department of Homeland Security (DHS), with $15.2 billion, $12.4 billion, and $11.5 billion in funding authority, respectively. DHS has outlayed $3.9 billion, approximately 34 percent of the agency’s total appropriation, for Sandy recovery, amounting to the largest proportion of funds outlayed by any agency.

 

The largest portion of HUD’s allocation is for the CDBG-DR program, a critical post-disaster funding source that provides grantees the discretion to address unmet housing, infrastructure, economic development, and other needs after other Federal, State, local, and Tribal resources have been exhausted.
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The Three Agencies with the Largest Portion of Sandy Recovery Funds

 


HUD wins 7th consecutive CEAR award.

FY 2013 Agency Financial Report
Table of Contents

HUD Table of Contents