September 30, 2021
WASHINGTON – Legislation backed by Representative Chris Smith (R-NJ) to provide more than $ 8.1 million in community disaster loan forgiveness (CDL) for storm-hit towns on the Jersey Shore Sandy was passed by the House of Representatives and was enacted today as part of an interim measure to avoid a government shutdown.
“This long-awaited community disaster loan remission is a much appreciated and much-needed relief to our towns and local communities that have been devastated by Storm Sandy,” said Representative Smith, who voted for the measure at the floor of the house. “Almost nine years after Sandy, our cities have finally received the reprieve they need and deserve – and were originally assured – of these difficult payments.”
The mayors of Point Pleasant Beach and Manasquan, two of the towns in Smith District expected to receive CDL forgiveness, thanked Smith for his tireless efforts to secure significant relief that will free up funds for critical municipal projects and others. local improvements needed.
“Point Pleasant Beach is very grateful to have a caring and hardworking member like Congressman Chris Smith representing us,” said Mayor Paul Kanitra. “He listened to our needs regarding CDL forgiveness, and he and his team have dedicated countless hours to make it a reality. We anticipate that the effects of this measure will save the borough close to $ 1 million.
“It’s a big deal,” said Manasquan Mayor Ed Donovan. “This is hundreds of thousands of dollars that we should have paid back, which we can now use for other projects and improvements needed at Manasquan. There is no shortage of projects that we need funding.
In addition to guaranteeing aid to New Jersey cities, the legislation will also provide assistance to other eligible cities across the country with ongoing community disaster loans.
Administered by the Federal Emergency Management Agency, the CDL program provides operational funding to local governments to continue basic operations after a substantial loss of income caused by a major disaster, such as Super Storm Sandy, which adversely affects their ability to provide essential municipal services.