Includes $16 Billion CDBG funding NJ Delegation Votes 12-0 in Favor
On January 15, 2013, the House passed a $50.7 billion supplemental spending bill for Sandy recovery and rebuilding funds, including $16 billion in disaster Community Development Block Grant (CDBG) for states impacted by disasters in 2011, 2012 and 2013.
All twelve members of the NJ Congressional delegation voted in favor in of the legislation. The overall vote on the legislation was 241-180.
Together with the $9.7 billion in additional borrowing authority for the National Flood Insurance Program passed earlier this month, this brings the total Sandy recovery funding passed by the House close to the $60.4 billion funding level included in the legislation passed late last year in the Senate. It includes $16 billion in disaster Community Development Block Grant (CDBG) for states impacted by disasters in 2011, 2012 and 2013.
Although there are differences between the House and Senate Sandy supplemental bills, including a lower disaster CDBG allocation in the House bill, the Senate is expected to take up and pass the House bill as soon as next week. The President could sign the supplemental spending bill by the end of the month.
The Sandy tax relief bill introduced last year in the House and drafted in the Senate, which included significant disaster Low-Income Housing Tax Credit and New Market Tax Credit allocations for Sandy-impacted areas, is expected to be introduced in the Senate by the end of the month and in the House soon after.