According to a recent Insurance Journal article, Superstorm Sandy disproportionately affected low-income people, with 43% of New York and New Jersey households applying for federal aid reporting annual income of less than $30,000.
Additionally, the storm affected low-income renters, a population most vulnerable to being left without affordable housing after the storm. The storm’s floodwaters damaged or destroyed hundreds of thousands of homes and commercial buildings, including 402 public housing buildings with more than 35,000 units in New York City.
U.S. lawmakers approved $50 billion in federal aid to help homeowners, businesses, states, and cities.
