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$1.8 Billion In Federal Aid Coming To New York City Sandy Victims

NEW YORK (CBSNewYork/AP) -- Almost $1.8 billion in federal money for repairing homes, helping businesses and other Superstorm Sandy relief efforts is set to start flowing soon in New York City.

Federal Housing and Urban Development Secretary Shaun Donovan announced Friday that HUD had signed off on the city's plans for spending its first chunk of Sandy aid money.

Mayor Michael Bloomberg said there still are some procedural steps to be followed, but the city is very close to being able to start dispensing it.

"We're not gonna leave you out there with a bunch of forms. You're going to have a real human being who will help you through the process," the mayor told a group of reporters that included 1010 WINS reporter Sonia Rincon.

Federal Relief On The Way For City Sandy Victims

The plans include up to two years of rent assistance for displaced residents, grants and loans for businesses and a contest for developing storm-resiliency technology.

(TM and © Copyright 2013 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2013 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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