WV FLOOD ASSISTANCE HITS $72 MILLION

(07/31/2016)

Seventy-two million dollars in federal disaster assistance has been approved to date for survivors of June's historic devastating WV flood. The money has come to survivors in the form of Federal Emergency Management Agency, or FEMA grants to individuals and households, FEMA public assistance grants to local governments and nonprofit organizations, low interest disaster loans from the U.S. Small Business Administration, and claims paid by the National Flood Insurance Program. Nearly five weeks into the recovery, FEMA has approved nearly $29.8 million in housing assistance, more than $5.4 million in other needs assistance and $1.43 million in public assistance. In addition, the SBA approved 426 low-interest disaster loans totaling more than $27.9 million and 939 NFIP claims have been filed, totaling more than $7.5 million in payouts. A total of 8,034 households and businesses have applied to FEMA for disaster assistance. Only a small percentage of West Virginia flood victims recommended by the Federal Emergency Management Agency to the federal Small Business Administration for further assistance have followed through with the SBA.

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