Associated Press, NEW YORK -- A Superstorm Sandy relief fund is being created just for residents of the hard-hit New York City borough of Staten Island.

Former Mayor Rudolph Giuliani and Borough President James Molinaro say the fund will help residents displaced from their homes.

Details are being announced Friday near the Staten Island Ferry terminal.

Molinaro told the Staten Island Advance newspaper that the devastation to the borough's coastline was unbelievable. He says the money raised for the fund in the borough will be used only there.

Find out how you can donate to the Sandy relief effort or start your own fundraiser here.

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  • A yacht rests beside two homes after it was driven inland by flood waters, Wednesday, Oct. 31, 2012, in the Staten Island borough of New York. Sandy, the storm that made landfall Monday, caused multiple fatalities, halted mass transit and cut power to more than 6 million homes and businesses.(AP Photo/ John Minchillo)

  • Lisa Kravchenko, of Staten Island, stands amongst flood debris in her princess Halloween costume, Wednesday, Oct. 31, 2012, in the Staten Island borough of New York. Sandy, the storm that made landfall Monday, caused multiple fatalities, halted mass transit and cut power to more than 6 million homes and businesses. (AP Photo/ John Minchillo)

  • NYPD police officers perform a search in high grasses that were flooded during a storm surge, Wednesday, Oct. 31, 2012, in the Arrochar neighborhood of the Staten Island borough of New York. Sandy, the storm that made landfall Monday, caused multiple fatalities, halted mass transit and cut power to more than 6 million homes and businesses. (AP Photo/ John Minchillo)

  • Customers form a queue to fill their gasoline canisters, Wednesday, Oct. 31, 2012, in the Staten Island borough of New York. Sandy, the storm that made landfall Monday, caused multiple fatalities, halted mass transit and cut power to more than 6 million homes and businesses.(AP Photo/ John Minchillo)

  • Artur Kasprzak

    This undated photo provided by the New York City Police Department shows NYPD officer Artur Kasprzak, 28, who shepherded six adults and a baby to the attic in his flooding Staten Island home before losing his life when he returned once more to the check the basement Monday evening, Oct. 29, 2012 as superstorm Sandy struck. (AP Photo/NYPD)

  • A man waits for gasoline, Wednesday, Oct. 31, 2012, in the Staten Island borough of New York. Sandy, the storm that made landfall Monday, caused multiple fatalities, halted mass transit and cut power to more than 6 million homes and businesses.(AP Photo/ John Minchillo)

  • A NYPD police officer performs a search in high grasses that were flooded during a storm surge, Wednesday, Oct. 31, 2012, in the Arrochar neighborhood of the Staten Island borough of New York. Sandy, the storm that made landfall Monday, caused multiple fatalities, halted mass transit and cut power to more than 6 million homes and businesses. (AP Photo/ John Minchillo)

  • New York And New Jersey Continue To Recover From Superstorm Sandy

    NEW YORK, NY - NOVEMBER 01: The John B. Caddell tanker is docked along the Staten Island water front while the Manhattan skyline shines in the background on November 1, 2012 in New York City. Superstorm Sandy, which has left millions without power or water, continues to effect business and daily life throughout much of the eastern seaboard. (Photo by Andrew Burton/Getty Images)

  • A vehicle is submerged after being carried into a swampy depression by floodwaters, Wednesday, Oct. 31, 2012, in the Staten Island borough of New York. Sandy, the storm that made landfall Monday, caused multiple fatalities, halted mass transit and cut power to more than 6 million homes and businesses. (AP Photo/ John Minchillo)

  • Rescue workers check a home for fuel leaks and other types of damage, Wednesday, Oct. 31, 2012, in the Staten Island borough of New York. Sandy, the storm that made landfall Monday, caused multiple fatalities, halted mass transit and cut power to more than 6 million homes and businesses. (AP Photo/ John Minchillo)

  • A woman stands in a street flooded by superstorm Sandy, Wednesday, Oct. 31, 2012, in the Staten Island borough of New York. Sandy, the storm that made landfall Monday, caused multiple fatalities, halted mass transit and cut power to more than 6 million homes and businesses. (AP Photo/John Minchillo)

  • A passenger inspects the water level around his vehicle as multiple cars drive through a flooded street, Wednesday, Oct. 31, 2012, in the Staten Island borough of New York. Sandy, the storm that made landfall Monday, caused multiple fatalities, halted mass transit and cut power to more than 6 million homes and businesses. (AP Photo/ John Minchillo)

  • Mike Cappucci, 46, of Staten Island, surveys the damage to his home after boats from a nearby harbor were driven inland by floodwaters, Wednesday, Oct. 31, 2012, in the Staten Island borough of New York. Sandy, the storm that made landfall Monday, caused multiple fatalities, halted mass transit and cut power to more than 6 million homes and businesses. (AP Photo/ John Minchillo)

  • East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy

    NEW YORK, NY - OCTOBER 31: Debris and boats from Hurricane Sandy sit on the shore of Staten Island, on October 31, 2012 in New York City. The storm has claimed several dozen lives in the United States and has caused massive flooding across much of the Atlantic seaboard. U.S. President Barack Obama has declared the situation a 'major disaster' for large areas of the U.S. east coast, including New York City, with widespread power outages and significant flooding in parts of lower Manhattan and elsewhere. (Photo by Allison Joyce/Getty Images)