• About
  • News
  • Offices
  • Careers
  • Contact Us
  • Subscribe
CohnReznick
  • Industries
  • Services
  • Insights
  • Events
  • People
  • About
  • News
  • Offices
  • Careers
  • Contact Us
CohnReznick
  • Industries
    • Recent Insights

      • Perspectives on Growth – Cannabis Quarterly insights, Q2 2022

      • Technically speaking - Cannabis Quarterly insights, Q2 2022

      • View More
    • Consumer & Industrial

      • Hospitality
      • Manufacturing & Distribution
      • Consumer

      Financial Sponsors & Financial Services

      • Broker Dealers
      • Independent Sponsors
      • Real Estate Funds
      • Family Offices
      • Hedge Funds
      • Private Equity
      • Small Business Investment Companies (SBICs)
      • Special Purpose Acquisition Companies (SPACs) Services
      • Venture Capital
    • Life Sciences & Healthcare

      • Life Sciences
      • Healthcare

      Public Sector

      • Government Contracting
      • Government
      • Not-for-Profit & Education

      Real Estate

      • Affordable Housing
      • Commercial Real Estate
      • Construction
      • Corporate Real Estate
      • Opportunity Zones
      • Tax Credits
    • Renewable Energy

      Technology & Media

      Private Clients

      • Entertainment
      • Law Firms
      • Medical Practices
      • Private Clients

      Cannabis

  • Services
    • Recent Insights

      • Future of cannabis – Cannabis Quarterly insights, Q2 2022

      • CannaQuarterly newsletter: Updates, insights, and best practices for the cannabis industry

      • View More
    • Advisory

      • Accounting Advisory
      • Financial Modeling and Decision Analytics
      • CFO Advisory
      • Cybersecurity, Technology Risk, Privacy
      • Emergency Management
      • Emergency Rental Assistance Program
      • Technology+
      • Global Consulting Solutions
      • Infrastructure Advisory
      • Project Finance and Consulting
      • Real Estate Advisory
      • Restructuring & Dispute Resolution
      • Risk Advisory
      • Transactions
      • Valuation
    • Accounting & Assurance

      • Accounting Advisory
      • Accounting Services
      • Attest & Audit
      • Employee Benefit Plans
      • Lease Accounting
      • Paycheck Protection Program (PPP) Loan Forgiveness Assistance

      Tax

      • Federal Tax
      • International Tax
      • Exempt Organizations Tax Services
      • Private Clients
      • SBA Disaster Loan Assistance
      • State & Local Tax
      • Tax Credits
      • Trusts & Estates
    • Managed Services & Outsourcing

      • Data & Technology Solutions
      • Managed and Outsourced Services to Administer and Safeguard Public Funds’
      • Mitigate Enterprise Risk & Achieve Compliance
      • Prepare for the Future of Your Business
      • Managed and Outsourced Tax Concerns
      • Transaction Processing, Financial Close, & Reporting

      Affiliated Companies

      • Asset Management & Insurance
      • Benefits Brokerage & Consulting
      • Capital Markets Advisory
      • Corporate Real Estate
      • Government Contracting Technology Consulting
      • Risk Insurance Consulting
  • Insights
    • Recent Insights

      • Five steps state and local governments should take to speed recovery this hurricane season

      • Five key factors for evaluating infrastructure opportunities against requirements

      • View More
    • Topics

      • Affordable Housing CRedit Study
      • CohnReznick & Major League Baseball®
      • The C-Suite Dashboard
      • Gamechangers in ESG Awards 2022
      • All Insights
      • GovCon360° Resource Center
      • Infrastructure Resource Center
      • Lead with ESG
      • Strategic tax issues for capital markets
  • Events
  • People
  1. CohnReznick: Advisory, Assurance, Tax Firm
  2. Insights
  3. New York State Governor’s Office of Storm Recovery (NY GOSR) 
    Share CohnReznick
    Share

case study

New York State Governor’s Office of Storm Recovery (NY GOSR) 

Client

New York State Governor’s Office of Storm Recovery (GOSR)

Performance period

January 2014 – January 2016

Contract value

$31,710,433

Services

HUD CDBG-DR grant funds exist to support a broad range of long-term recovery activities (i.e., housing, public infrastructure, and economic recovery); however, this funding is one of the few Federal sources that can also meet the local match requirements associated with FEMA PA and HMGP funding. Typically, FEMA grants cover 75% of eligible project damages while the remaining 25% of costs are the grant recipient’s responsibility.

CohnReznick managed the oversight of successful CDBG-DR match programs for FEMA funds. While working with GOSR, CohnReznick created and implemented a PA match and a HMGP global match program to apply the funds spent on eligible CDBG-DR projects that covered the non-Federal share for seven disasters including Hurricane Sandy. Our work on these two programs saved the State of New York over $584 million and serves as a successful example to State and local agencies around the country of implementing creative solutions to maximize assistance. Recovery efforts constantly pose new and difficult challenges—our team’s ability to think creatively and collaborate directly with our client to implement innovative funding solutions helped the State of New York to meet these challenges.

Relevant features

  • Disaster Recovery Management
  • CDBG-DR Match Programs
  • FEMA PA and HMGP
  • Program Management
  • Project Development
  • Project Eligibility Determination 

Highlights

  • Reviewed 6,550 PWs across five declared disasters
  • Recommended $167,184,534 for CDBG PA match payment
  • Coordinated HMGP global match strategy for seven disasters with a match obligation of $441 million
  • Completed and submitted 41 buyout applications for 1,206 individual properties totaling an estimated $348 million in overall project costs 
Accessibility by ilumino - opens in a new tab/window
  • Contact Us
  • Subscribe
  • Follow:
Industries
Consumer & Industrial
  • Hospitality
  • Manufacturing & Distribution
  • Consumer
Financial Sponsors & Financial Services
  • Broker Dealers
  • Independent Sponsors
  • Real Estate Funds
  • Family Offices
  • Hedge Funds
  • Private Equity
  • Small Business Investment Companies (SBICs)
  • Special Purpose Acquisition Companies (SPACs) Services
  • Venture Capital
Life Sciences & Healthcare
  • Life Sciences
  • Healthcare
Public Sector
  • Government Contracting
  • Government
  • Not-for-Profit & Education
Real Estate
  • Affordable Housing
  • Commercial Real Estate
  • Construction
  • Corporate Real Estate
  • Opportunity Zones
  • Tax Credits
Renewable Energy
Technology & Media
Private Clients
  • Entertainment
  • Law Firms
  • Medical Practices
  • Private Clients
Cannabis
Services
Advisory
  • Accounting Advisory
  • Financial Modeling and Decision Analytics
  • CFO Advisory
  • Cybersecurity, Technology Risk, Privacy
  • Emergency Management
  • Emergency Rental Assistance Program
  • Technology+
  • Global Consulting Solutions
  • Infrastructure Advisory
  • Project Finance and Consulting
  • Real Estate Advisory
  • Restructuring & Dispute Resolution
  • Risk Advisory
  • Transactions
  • Valuation
Accounting & Assurance
  • Accounting Advisory
  • Accounting Services
  • Attest & Audit
  • Employee Benefit Plans
  • Lease Accounting
  • Paycheck Protection Program (PPP) Loan Forgiveness Assistance
Managed Services & Outsourcing
  • Data & Technology Solutions
  • Managed and Outsourced Services to Administer and Safeguard Public Funds’
  • Mitigate Enterprise Risk & Achieve Compliance
  • Prepare for the Future of Your Business
  • Managed and Outsourced Tax Concerns
  • Transaction Processing, Financial Close, & Reporting
Tax
  • Federal Tax
  • International Tax
  • Exempt Organizations Tax Services
  • Private Clients
  • SBA Disaster Loan Assistance
  • State & Local Tax
  • Tax Credits
  • Trusts & Estates
Affiliated Companies
  • Asset Management & Insurance
  • Benefits Brokerage & Consulting
  • Capital Markets Advisory
  • Corporate Real Estate
  • Government Contracting Technology Consulting
  • Risk Insurance Consulting
Insights
Affordable Housing CRedit Study
CohnReznick & Major League Baseball®
  • Business of Food
  • Community Development
  • Community Outreach
  • Elevating The Fan (Customer) Experience
  • Business of Baseball: Highlights From Past Seasons
  • Managing for Success
  • Mayor of the City
The C-Suite Dashboard
Gamechangers in ESG Awards 2022
GovCon360° Resource Center
  • The Cybersecurity Maturity Model Certification (CMMC)
Infrastructure Resource Center
Lead with ESG
Strategic tax issues for capital markets
Events
People
Contact Us
Offices
© 2022 CohnReznick LLP, All Rights Reserved. Terms of Use & Disclosures Privacy Policy

“CohnReznick” refers to CohnReznick LLP or any of its subsidiaries or affiliates. Each entity is a separate legal entity and solely responsible for its own acts and/or omissions.

CohnReznick LLP is a member firm of the “Nexia International” network. Nexia International Limited does not deliver services in its own name or otherwise. Nexia International Limited and each of its member firms are separate legal entities and not part of a worldwide partnership.  Nexia International Limited does not accept any responsibility for the commission of any act, or omission to act by, or the liabilities of, any of its members.