The New York City Nonprofit Recovery Loan and Grant Program is designed to provide critical funds in the coming months to bridge the gap between expenditures needed to support the recovery from Hurricane Sandy and anticipated revenues such as grants, pledges, contract reimbursements, FEMA and insurance payments.
In all cases priority is given to nonprofit organizations that are located in and/or providing services in the areas most affected by Hurricane Sandy. Please read the description of each program to see which one fits your organization's circumstances.
The Loan/Grant Program is for organizations that have applied to FEMA, with the expectation that FEMA will, at some point, be making an award. These nonprofits may also be receiving funds from private insurance and/or an SBA Loan. The amount of the loan/grant is determined by tangible property damage. The loan portion will be made against reimbursements expected from private insurance, SBA loans, FEMA and government contracts. Loans will be interest-free.
The Grant Program is for groups that have experienced tangible losses and are not eligible for FEMA or have been turned down by FEMA.
Before you fill out an application or if you have questions about the one that your organization should apply for, please email your questions to NYCRecovery@fcny.org and include a phone number.
Grant funds for this program are made available by the Mayor's Fund to Advance New York City and loan funds were contributed by the Ford Foundation, Anonymous, Capital One Bank, and the New York Community Trust.