A consortium of foundations and financial institutions will provide more than $2.6 million in private funding to support recovery from Hurricane Sandy, the New York City Housing Preservation and Development Corp. announced.
Collectively known as the NYC Housing and Neighborhood Recovery Donors Collaborative, the institutions have worked in close partnership with city housing agencies and the Mayor’s Fund, which is providing $637,500 in matching Sandy relief funds. That brings the total to more than $3.2 million.
Funds from the collaborative are targeted to help with medium- and long-term planning and rebuilding efforts of housing and neighborhoods in the city’s Community Development Block Grant disaster recovery action plan.
”The storm may be in the past, but it has given us lessons that we can apply to the future so that we are a more prepared and resilient city,” said HPD Commissioner Mathew Wambua.
The city and Deutsche Bank Americas Foundation are running point for the collaborative, which consists of the AARP Foundation, Altman Foundation, Bank of America, Berkshire Taconic Community Foundation, Capital One, Citi Foundation, Deutsche Bank Americas Foundation, Goldman Sachs Bank USA, Hearst Foundations, HSBC Bank USA, JP Morgan Chase, the Mayor’s Fund to Advance New York City, New York Community Trust, Robin Hood Foundation, Rockefeller Brothers Fund, Rockefeller Foundation and the Toyota Foundation.
