ESSEX JUNCTION, Vt. – As the one-year anniversary of the spring 2011 floods approaches, federal authorities have provided more than $100 million in financial assistance to Vermonters coping with those storms and Tropical Storm Irene.
According to the Federal Emergency Management Agency, that figure includes $25 million in FEMA aid to individuals and families, $39.5 million in U.S. Small Business Administration low-interest disaster loans, and another $37.4 million in FEMA Public Assistance aid to the state, towns, and other entities for infrastructure repair.
“We are still working with our state, federal, and local partners to complete the recovery from last spring’s floods,” said FEMA’s Federal Coordinating Officer James N. Russo. “And obviously there is much more work to do with recovery from Tropical Storm Irene.”
“But as this year’s flood season approaches, the finish line is in sight for completing the repairs from last spring’s floods,” Russo said. “And hopefully, many communities are now better prepared to withstand any flooding that may occur.”
The spring flooding assistance includes $3.1 million in FEMA aid to individuals and families, $6.5 million in U.S. Small Business Administration low-interest disaster loans, and another $14.1 million in FEMA Public Assistance.
In addition, FEMA has provided $21.9 million in Individual Assistance and $23.3 million in Public Assistance to the state for damage caused by Irene, while the SBA has made roughly $33 million in low-interest disaster loans to both homeowners and businesses for Irene-related expenses.
The combined totals for Tropical Storm Irene and the spring floods, which occurred between April and May of 2011, are:
- 9,188 registrations have been received from individuals and families.
- Approximately $25 million in grants approved for individuals and families
- $23.2 million for home repairs or replacement and rental assistance
- $1.8 million for other needs
- 170 individuals received the maximum possible housing grant of $30,200
- Roughly $37.4 million has been obligated in Public Assistance funding for Tropical Storm Irene and the three declared disasters which encompass the spring flooding.
- Approximately $39.5 million has been approved by U.S. Small Business Administration in low-interest disaster loans
- $20.4 million in home loans
- $19.1 million in loans to businesses
The Individual Assistance Program provides grants to families and individuals for expenses such as rental and home repair assistance and replacement of personal property. The SBA’s Disaster Loan Program provides low-interest loans to residents and businesses to cover uninsured property losses.