One year ago this week, Sandy devastated the Eastern Seaboard, leaving at least 117 dead, thousands homeless and an estimated $65 billion in damage. President Barack Obama appointed Shaun Donovan, the Secretary of Housing and Urban Development, to lead the federal response to Sandy. Secretary Donovan examines Sandy's impact, and discusses the state of the recovery effort one year later.
"It's the most flexible money that we have in our whole toolkit, if you will, of federal efforts after disasters."
HUD Secretary Shaun Donovan discusses the big deal struck between federal and state officials to help struggling homeowners--and what it could mean for the New York area. More information on the settlement here.
Shaun Donovan, Secretary of the Department of Housing and Urban Development, discusses private funding for public housing, the Obama Administrations Recovery Act, where we'll see recovery efforts in NYC, and what electric cars might have to do with it.