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FEMA Storm Assistance Information

Posted on September 9, 2021


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Dear Friends and Neighbors,

Many of you have contacted my office regarding FEMA assistance to cover the damage caused by Hurricane Ida.

Prior to making a formal request to FEMA for assistance, the state must identify the extent of the damages caused by Ida. The Division of Emergency Management and Homeland Security (DEMHS) is currently assessing the extent of the damages to determine if FEMA thresholds are met and a disaster declaration is needed.

The deadline for municipalities to complete the Hurricane Ida assessments is next Friday. If DEMHS feels that the thresholds can be met, and a disaster declaration is approved by the president, it will submit an application for public assistance resources and potentially individual assistance resources.

The public assistance (PA) program provides assistance for local, and tribal governments, and non-profits for debris removal, and emergency protective measures. The individual assistance (IA) program provides assistance to individual homeowners in declared disaster areas. The IA program may provide financial assistance for temporary housing, repair or replacement of owner-occupied homes, and hazard mitigation services that is not otherwise covered by insurance. The type of assistance that may be released will dependent on the damage assessment.

At this time, there is currently no federal disaster declaration in place for the storm, but once a declaration is approved, the following resources may be helpful to you if you need to access assistance:

Additionally, the Small Business Administration (SBA) has established a low-interest loan program to assist homeowners and businesses affected by disaster declarations. Eligible homeowners and businesses can find out more information on that program here.

U.S. Small Business Administration

FACT SHEET – DISASTER LOANS

NEW YORK Declaration 17147 & 17148

(Disaster: NY-00208)

Incident: REMNANTS OF HURRICANE IDA

Occurring: September 1 – 3, 2021 in the primary New York counties of: Bronx, Kings, Queens, Richmond, and Westchester; for economic injury only in the contiguous New York counties of: Nassau, New York, Orange, Putnam, and Rockland; for economic injury only in the contiguous Connecticut County of: Fairfield; and for economic injury only in the contiguous New Jersey County of: Bergen.

If you are located in a declared disaster area, you may be eligible for financial assistance from the U. S. Small Business Administration (SBA).

Application Filing Deadlines:

Physical Damage: November 4, 2021 Economic Injury: June 6, 2022

If you are located in a declared disaster area, you may be eligible for financial assistance from the U. S. Small Business Administration (SBA).

What Types of Disaster Loans are Available?

  • Business Physical Disaster Loans – Loans to businesses to repair or replace disaster-damaged property owned by the business, including real estate, inventories, supplies, machinery and equipment. Businesses of any size are eligible. Private, non-profit organizations such as charities, churches, private universities, etc., are also eligible.
  • Economic Injury Disaster Loans (EIDL) – Working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period.
  • Home Disaster Loans – Loans to homeowners or renters to repair or replace disaster-damaged real estate and personal property, including automobiles.
  • What are the Credit Requirements?
  • Credit History – Applicants must have a credit history acceptable to SBA
  • Repayment – Applicants must show the ability to repay all loans.
  • Collateral – Collateral is required for physical loss loans over $25,000 and all EIDL loans over $25,000. SBA takes real estate
  • as collateral when it is available. SBA will not decline a loan for lack of collateral, but requires you to pledge what is available.

What are the Interest Rates?

By law, the interest rates depend on whether each applicant has Credit Available Elsewhere. An applicant does not have Credit Available Elsewhere when SBA determines the applicant does not have sufficient funds or other resources, or the ability to borrow from non-government sources, to provide for its own disaster recovery. An applicant, which SBA determines to have the ability to provide for his or her own recovery is deemed to have Credit Available Elsewhere. Interest rates are fixed for the term of the loan. The interest rates applicable for this disaster are:

Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center at (800) 659-2955 or (800) 877-8339 for those who are deaf or partially deaf.

You can also email DisasterCustomerService@sba.gov. Completed loan applications are due no later than June 6, 2022.