Close to $1M to be Distributed in Sandy Aid in Hoboken
There are 493 applicants that will receive a check from the Rebuild Hoboken Relief Fund.
A total of $974,309.46 is about to be distributed among almost 500 Hobokenites, according to Jackie Burton of the Rebuild Hoboken Relief Fund.
The grant award was determined by the total funds available divided by the number of qualified applicants, Kenny announced on Wednesday.
According to Kenny, the Rebuild Hoboken Relief Fund now will shift its focus to provide financial assistance in the case of future disasters, such as displacements of victims from major fires or floods.
To that end, $15,000 will be held as a reserve fund, a small portion of which also will cover insurance and necessary auditing and tax filing fee, Kenny announced.