City Council Approves Co-op and Condo Resolution for Storm Recovery Grants

The City Council just passed a resolution asking Congress to make co-op and condos eligible for federal storm recovery grants, reports Queens Courier. Citywide, co-op and condo owners have been denied FEMA grants for property damaged by Hurricane Sandy. The word “co-op” isn’t included in the law, despite no statute banning co-op owners from being eligible for grants. According to the Courier, “Co-op and condos are also categorized as ‘business associations,’ which makes them eligible for federal loans but not grants. It also means they cannot get funds to fix shared spaces like lobbies and roofs.” The measure to amend the law went through Congress in two weeks, and now it’s at a subcommittee on the House’s Committee on Transportation and Infrastructure.

City Council Passes Condo, Co-op Resolution [Queens Courier]
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