On Wednesday, January 15, AAFE Community Development Fund (AAFE CDF) received an award for the organization’s Superstorm Sandy recovery efforts from the Local Initiatives Support Corporation New York City (LISC NYC) during LISC NYC’s 12th Annual Big Apple Innovation Awards. LISC NYC is an organization dedicated to helping low-income New York City neighborhoods become healthy communities of choice – good places to live, do business, work and raise families. Every year, the Big Apple Innovation Awards highlight the innovative contributions of organizations and individuals to revitalizing low-income communities.
Shortly after Sandy, AAFE CDF announced an emergency loan fund for homeowners citywide for emergency repairs as insurance companies had not been sending inspectors and adjusters due to the inundation of calls from homeowners. As of September 30, 2013, AAFE CDF had closed 50 emergency loans for Sandy victims, totaling $1,159,440. In addition, $178,000 in grants had been provided to 18 victim homeowners. Currently, AAFE CDF staff are still reaching out to and assisting devastated homeowners in Far Rockaway and Coney Island.
AAFE Executive Director Chris Kui stated, “Superstorm Sandy challenged service providers like AAFE CDF to respond in ways we never would have imagined. While AAFE CDF is truly honored to receive this award from LISC NYC, we recognize that parts of the city still have not fully recovered from Superstorm Sandy. AAFE looks forward to continuing to collaborate with our community partners to make a full recovery a reality.”