Grimm news: Sandy victims falling deep into debt
The economy isn’t getting any better for victims of Superstorm Sandy, who now find themselves digging out of a deep financial hole.
And it’s the government that helped push them into financial hot water, US Rep. Michael Grimm (R-C-Bay Ridge-Dyker Heights-Staten Island) said.
Grimm sent a letter to the Small Business Administration (SBA), asking that disaster recovery loans previously awarded to Sandy victims be forgiven for those victims who would have otherwise been eligible for Community Development Block Grant (CDBG) grants distributed through New York City’s “Build it Back” program.