Establishes process for recovery of Superstorm Sandy aid overpayments and makes General Fund appropriation.

The bill establishes procedures for the Department of Community Affairs (DCA) to recover overpayments of Community Disaster Block Grant-Disaster Recovery (CDBG-DR) funds awarded through the Reconstruction, Rehabilitation, Elevation and Mitigation Program (RREM) and the Low-to-Moderate Income Homeowner Rebuilding Program (LMI). DCA must notify homeowners of overpayments and provide them with a payment plan to repay the debt. Low-to-moderate income homeowners may request a compromise of their debt if they lack sufficient income, assets, or resources to make payments.

Establishes process for recovery of Superstorm Sandy aid overpayments and makes General Fund appropriation.

The bill establishes procedures for the Department of Community Affairs (DCA) to recover overpayments of Community Disaster Block Grant-Disaster Recovery (CDBG-DR) funds awarded through the Reconstruction, Rehabilitation, Elevation and Mitigation Program (RREM) and the Low-to-Moderate Income Homeowner Rebuilding Program (LMI). DCA must notify homeowners of overpayments and provide them with a payment plan to repay the debt. Low-to-moderate income homeowners may request a compromise of their debt if they lack sufficient income, assets, or resources to make payments.