Note to Editors: Federal and state agencies are working in partnership to help South Carolina residents following Hurricane Floyd and subsequent flooding. The following is a summary of ongoing response and recovery efforts since the presidential declaration of September 21.
In excess of $18 million in disaster assistance grants and low-interest loans have already been approved for more than a third of the 14,500 plus South Carolina residents in the 11 declared counties who have applied for disaster assistance.
Disaster housing assistance grants, totaling almost $6,591,780 for more than 5558 applicants, covers temporary rental assistance or emergency home repair that makes the dwelling safe and habitable. A total of $2,167,018 also has been approved for almost 1,237 who will receive Individual and Family Grant (IFG) funds for serious, unmet needs that are not covered by other programs
The U.S. Small Business Administration (SBA) has approved $9,323,200 in low-interest disaster loans for 353 homeowners, who received $6,922,900, 55 businesses that received
$1,344,500 and 61 Economic Injury Disaster Loans in the amount of $1,055,800. Out of more than 5,596 loan applications issued, SBA officials have had only 1,162 applications returned. These loan officials urge people who received application packets when they applied for assistance to get those completed documents back to the SBA as soon as possible.
If the loan application is not completed and returned, it may affect other forms of disaster assistance. Friday, November 19 is the deadline to call and apply for disaster assistance.
The SBA is the primary source of federal funds for long-term disaster recovery for owners of private property, including homeowners, renters, landlords, non-farm businesses of all sizes and private nonprofit organizations. These low-interest loans cover costs of repair or replacement of damaged real estate, personal property and business assets not fully covered by insurance or other aid.
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