Keansburg, Atlantic Highlands, Oceanport and Sea Bright Suffered Substantial Revenue Losses Due to Sandy

Washington, DC – Today, Congressman Frank Pallone, Jr. (NJ-06) announced that the boroughs of Keansburg, Atlantic Highlands, Oceanport and Sea Bright have received direct loans from the Federal Emergency Management Agency (FEMA) as part of the Community Disaster Loan (CDL) Program.  These funds will be used to carry on existing local government functions or for expanded municipal services to meet disaster-related needs.

“These FEMA loans will help keep our local governments up and running after their budgets suffered big financial hits due to Sandy,” said Congressman Pallone.  “New Jersey residents and homeowners have suffered too much due to this disaster, and I’m relieved that these funds will help make sure that basic municipal services are not jeopardized as well.”

The CDL Program provides funds to any eligible jurisdiction in a designated disaster area that has suffered a substantial loss of tax and other revenue. The jurisdiction must apply for the program and demonstrate a need for financial assistance to perform its governmental functions. The term of the loan is five years, and can be extended to ten years, with the applicant selecting the payment schedule.

The following loans have been disbursed:


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ATLANTIC HIGHLANDS ANIMAL HOSPITAL
We treat each of our patients as part of the family at Atlantic Highlands Animal Hospital. We offer top-quality surgical and dental treatments for cats and dogs. For the best pet care in the Atlantic Highlands, NJ, call us at (732) 291-4400. https://www.atlantichighlandsvet.com
  • $3,954,766 to Borough of Keansburg
  • $2,108,876 to Borough of Atlantic Highlands
  • $1,154,931 to Borough of Oceanport
  • $1,297,273 to Borough of Sea Bright 

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Avatar of Allan Dean

Allan Dean

Allan Dean is editor, publisher, and founder of the Atlantic Highlands Herald. Published since 1999 and selected in 2000 by the Borough of Atlantic Highlands as one of their official newspapers, making...