NY LEG $11mn Extreme Weather Fund


On Jun. 27, NY LEG reported $11mn funding to face extreme weather.


  • NY LEG governor Hochul announced $11mn in federal funding to local governments to support projects to enhance resiliency and reduce the impact of extreme weather.
  • Federal Funding
  • Funding made available through FEMA’s Hazard mitigation grant program, reserved for NY following President Biden’s major disaster declaration following Sep. 2023 floods.
  • After disaster declaration, FEMA provides funding via Hazard mitigation grant program for states to administer grant programs to support local hazard mitigation planning.
  • Long-term hazard mitigation measures to reduce life loss, improve property damaged.
  • Local governments and certain non-profits are eligible to apply for these grants.
  • Eligible entities statewide can apply to receive funding to cover up to 75% of costs for projects that enhance resiliency and reduce the impacts of future extreme weather.
  • Projects in Kings, Nassau and Westchester counties will be prioritized using criteria such as direct risk reduction to vulnerable populations, which address climate change.
  • Also, projects that mitigate risk to critical infrastructure and repetitive loss structure.
  • Application Deadline
  • Application period is currently open until Sep. 13, 2024.
  • Jul. 2024 NY LEG Governor Disaster Funds
  • On Jul. 31, 2024, NY LEG governor Hochul reported on the $11mn in emergency assistance in response to tornadoes and flooding across NY State during Jul.
  • Up to $5mn to support low, moderate-income homeowners in Chautauqua, Erie, Essex, Lewis, Madison, Oneida, Warren counties; up to $50k homeowner emergency repairs.
  • Additionally, up to $4mn for Oneida County, including city of Rome for demolition work.

Regulators NY LEG
Entity Types Corp
Reference PR, 7/31/2024; PR, 6/27/2024; ESG;
Functions BCS; Compliance; Financial; Legal; Operations
Countries United States of America
Category
State
Products Corporate
Regions Am
Rule Type Final
Rule Date 6/27/2024
Effective Date 9/13/2024
Rule Id 217462
Linked to N/A
Reg. Last Update 7/31/2024
Report Section US Investment

Last substantive update on 08/03/2024