ANCHORAGE, Alaska -- Disaster officials from the Federal Emergency Management Agency (FEMA) and the State of Alaska Division of Homeland Security and Emergency Management announced today that federal Individual Assistance funds committed for the 2009 spring floods/ice jam disaster recovery effort, along with disaster-related Small Business Administration (SBA) loans, have reached over $5.6 million.
"Money to repair or rebuild helps in a tangible way," said Federal Coordinating Officer Douglas Mayne. "And volunteer efforts have supplemented federal and state programs. The combination of funds and volunteers has allowed for a vigorous response to the spring flood and ice jam disaster."
Several types of monies were made available to those who lost homes and property this spring.
Individual Assistance (IA) programs help individuals and families in designated disaster areas. Qualifying individuals may receive funds to cover disaster-related costs such as home repairs, temporary housing and personal property losses. Six Regional Educational Attendance Areas encompassing
24 villages along the Yukon and Kuskokwim Rivers comprise the designated area for this disaster.
A total of 736 Alaska residents in the IA-eligible Regional Educational Attendance Areas have registered for these grant monies.
Small Business Administration (SBA) low-interest disaster loans are provided for individuals and businesses in Regional Educational Attendance Areas designated for IA who qualify. SBA loans help homeowners, renters, businesses of all sizes, and private non-profit organizations fund repairs or rebuilding efforts, and help cover the cost of replacing lost or disaster-damaged personal property.
As of one week after the August 10 deadline for IA and SBA registration, the federal and state funds awarded through these programs total $5,654,471. They include:
- Individual Assistance
- $2,399,678 in Housing Assistance to cover temporary rentals, home repairs and replacement; and
- $2,152,493 in Other Needs Assistance to cover essential personal property losses, subsistence items, medical, dental, transportation or serious disaster-related expenses not covered by insurance. The state contributes 25% of the cost of this program.
- $1,102,300 in Small Business Administration loans to pay for the repair or replacement of homes, businesses, or personal property not fully covered by insurance or other compensation.
Acting State Coordinating Officer Dave Andrews observed, "Alaskans tend to be independent and resilient. With appropriate assistance, many are well on the way to rebuilding their homes and their lives."
FEMA's mission is to support our citizens and first responders to ensure that as a nation we work together to build, sustain, and improve our capability to prepare for, protect against, respond to, recover from, and mitigate all hazards.
FEMA's temporary housing assistance and grants for public transportation expenses, medical and dental expenses, and funeral and burial expenses do not require individuals to apply for an SBA loan. However, applicants who receive SBA loan applications must submit them to SBA loan officers to be eligible for assistance that covers personal property, vehicle repair or replacement, and moving and storage expenses.
The Small Business Administration (SBA) is the federal government's primary source of money for the long-term rebuilding of disaster-damaged private property. SBA helps homeowners, renters, businesses of all sizes, and private, nonprofit organizations fund repairs or rebuilding efforts, and cover the cost of replacing lost or disaster-damaged personal property. These disaster loans cover losses not fully compensated by insurance or other recoveries and do not duplicate ...