Community Disaster Loan Program
Purpose:
To provide funds to any eligible jurisdiction in a designated disaster area that has suffered a substantial loss of tax and other revenue. The jurisdiction must demonstrate a need for financial assistance to perform its governmental functions.
Assistance Provided:
Loans not to exceed 25 percent of the local government’s annual operating budget for the fiscal year in which the major disaster occurs, up to a maximum of $5 million.
Cost-Sharing Requirements:
None.
Eligibility:
Any local government or other eligible jurisdiction in a designated disaster area that has demonstrated a substantial tax loss and a need for financial assistance to perform its governmental functions.
Application:
The State’s Governor requests a Presidential declaration of an emergency or disaster through the FEMA Regional Director. An applicant should consult the office or official designated as the single point of contact in the State for more information on the process the State requires to be followed in applying for assistance. Upon declaration of a major disaster, one may apply for assistance through the Governor’s authorized representative.
Contact:
Public Assistance Branch, Recovery Division
FEMA, DHS
500 C Street SW.
Washington, DC 20472
Telephone: (202) 646-4262.
Last Modified: Friday, 24-Mar-2006 11:49:18 EST