WASHINGTON DC – Today, Congressman Andy Kim announced that Community Disaster Loan (CDL) relief for shoreline and seaside communities still recovering from Superstorm Sandy has passed the House and Senate and is headed to the President's desk for his signature.
"I'm proud to have fought for and won more than $12 million dollars in total loan forgiveness for several Ocean County towns and schools," said Congressman Kim. "Next month will mark nine years since Superstorm Sandy devastated our communities. This relief is an important step in healing our communities, but there's still work ahead of us. I won't stop fighting until every single homeowner in my district has the financial relief they need."
A total of over $12.1 million in loans will be forgiven in Ocean County, as part of a total of $25.9 million in outstanding obligations from New Jersey. The bill that passed the Senate and House today, also includes billions of dollars in funding to respond to devastation that was caused by Hurricane Ida.
Congressman Kim has championed Sandy relief for Ocean County communities and homeowners since being sworn into Congress. With today's passage, this key component of his Security After Sandy Act will become law. Congressman Kim will continue to fight for relief for New Jersey homeowners still facing potential federal "clawbacks" of Sandy aid they received nearly a decade ago based on unclear federal guidance, repayment terms, and contingencies.
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