Real estate companies join Sandy relief efforts

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Missoula Homes For Sale  US death toll surpasses 100, damage may hit $50 billion

By Inman News, Monday, November 5, 2012.

Inman News®

Realtors and real estate companies — many of them hard hit by Hurricane Sandy themselves — are bolstering official relief efforts for storm victims with initiatives of their own.

In the U.S., more than 100 people have been confirmed dead in Sandy’s wake, and about 1 million people are still without power in Lower Manhattan, Staten Island and parts of New Jersey, Forbes reports.

On Sunday, New York City officials said as many as 40,000 people had been left homeless by the storm, the New York Times reported.

That number was a worst-case figure provided by the Department of Housing and Urban Development (HUD). The actual number may be closer to 20,000, many of whom are public housing residents that the city must now struggle to shelter amid tight inventory made even tighter by the storm’s destruction.

Even as power is restored to some sections of Lower Manhattan, schools reopen and public transit recovers, a nor’easter expected to hit Wednesday threatens to make that damage worse and undo some of the repair work that has been done so far.

The Federal Emergency Management Agency (FEMA) yesterday approved roughly $158 million in assistance for families and individuals. More than 182,000 people in Connecticut, New York and New Jersey have registered for assistance.

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