After negotiations with New York Attorney General Eric Schneiderman, the Red Cross and three other charities have agreed to release millions of dollars in donations to the victims of Superstorm Sandy.

Schneiderman announced the agreement on Thursday in a press conference on Long Beach, a coastal Long Island community that is still struggling to rebuild a year after Superstorm Sandy swept through New York and New Jersey and crippled the region.

The Red Cross, which has spent about 90 percent of the $308 million it raised for Sandy survivors so far, agreed to spend an additional $6 million for housing-related needs, as well as increase transparency on its website for online donors. Half of that will go to a renters' assistance program, $1 million will help families living in hotels after federal and local assistance dried up, and $2 million will be spent on other housing projects in partnership with the attorney general's office, according to a Red Cross spokeswoman.

Read More: Yahoo! News

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