Ida Programs

Flood Insurance and Financial Counseling

Program Partners

• NYC Department of Housing Preservation and Development
• Mayor’s Office of Climate & Environmental Justice (MOCEJ)
• Center for New York City Neighborhoods (CYCN)

Program Description

Through the Flood Insurance & Financial Counseling Program, the City will expand its flood insurance marketing campaign and offer in-home engineering inspections, elevation certificates, and financial counseling sessions for property owners in neighborhoods at-risk from flooding. CDBG-DR funds may be used to pay for inspections, counseling, marketing materials, and program administration.

The City expects this program will primarily benefit owners of single-family homes. Based on where these properties are located, the City estimates most beneficiaries (approximately 80%) will be located in the Most Impacted and Distressed (MID) areas. Additionally, the City will prioritize assistance for property owners at risk from both coastal flooding and extreme rain events. The City’s recently released Stormwater Flood Maps may be used to determine target areas.

Eligibility Criteria and Maximum Assistance

The program will provide varying levels of assistance to homeowners of any income level, but at least 51.0% of beneficiaries must be from LMI households. The program will offer in-kind assistance to beneficiaries; thus, no maximum assistance cap is warranted.

This program will be administered by HPD and MOCEJ. CDBG-DR funds will reimburse the subrecipient, Center for New York City Neighborhoods, for the services it provides.