Financial Help Available For Implementing Mitigation Measures

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Release date: 
May 20, 2011
Release Number: 
1973-041

ATLANTA, Ga. -- Mitigation funds are available from the U. S. Small Business Administration for approved borrowers with damage to their real estate property.? Borrowers already approved for a loan may request an increase of up to 20 percent of their physical loan amount to help fund mitigation measures to assist them with their long-term recovery needs.??

Mitigation funds can be used to subsidize a project that protects against future damage from the same type of occurrence. Borrowers requesting hazard mitigation funds are asked to submit a proposal that describes the mitigation measure to be installed, along with a cost estimate of the project.

Mitigation proposals should be mailed to the U.S. Small Business Administration Disaster Area Office that processed their original loan request.? For additional information about SBA's hazard mitigation, borrowers should call the SBA Customer Service Center at 800-359-2227.

During the week of May 20 ? 26, Federal Emergency Management Agency (FEMA) mitigation specialists are available to offer Georgians free disaster-resistance rebuilding advice from
8 a.m. to 7 p.m. at Home Depot Stores in the following locations:

103 Hicks Drive????????????????????? 2200 Riverstone Blvd???????????????????????? 100 Gentil Street
Rome, GA 30161??????????????????? Canton, GA 30114???????????????????????????? Cartersville, GA 30120

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.

Last Updated: 
July 16, 2012 - 18:46
State/Tribal Government or Region: