The Impact of Hurricane Sandy and Need for Public Donations

Daniel Palmier, founder of UC Funds, LLC, is a community advocate. As a resident of New England, Daniel Palmier witnessed the aftermath of Hurricane Sandy and has since donated money and supplies to restoration efforts.

In 2012, Hurricane Sandy hit the East Coast. Massachusetts experienced damaging winds in excess of 70 miles per hour and coastal flooding that resulted in the loss of power to approximately 350,000 residents. Individuals in low-lying areas were evacuated to avoid storm surges that measured greater than six feet. Boston schools and its transit system closed temporarily. New Jersey and New York were hit even harder during the 24-hour storm. The states were pounded with 100-plus-mile-per-hour winds, and New York’s subway system was submerged.

Following a year, the Statue of Liberty and Ellis Island reopened. However, mass rebuilding continued. By 2014, billions in federal aid were used in the recovery process. In fact, the exceptional amount overwhelmed government agencies, such as the U.S. Department of Housing and Urban Development, which struggled to distribute funds from the Community Development Block Grants and Build It Back program.

Because of this, public donors have become a vital part of relief efforts. The area is still recovering from the storm, and donations make ongoing rebuilding and recovery efforts possible.

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About Dan Palmier

The founder and CEO of UC Funding, LLC, a real estate financing company focused on asset management, underwriting, and loan structuring, Dan Palmier maintains affiliation with the Commercial Mortgage Securities Association and the National Multi-Housing Council.
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