Federal Aid Available for Tropical Storm Debby Victims in Pennsylvania

Federal disaster loans are now available for Clearfield and Indiana County residents and businesses affected by Tropical Storm Debby. Homeowners can obtain loans up to $500,000 for repairs, while businesses can access up to $2 million for uninsured losses. Applications can be submitted until February 11, 2025, for physical damages and until September 15, 2025, for economic injury loans.

The residents and businesses of Clearfield and Indiana counties, affected by the damaging floods from Tropical Storm Debby, can now access federal aid. Following a disaster declaration approved by Governor Josh Shapiro, the U.S. Small Business Administration (SBA) has introduced low-interest loans aimed at supporting recovery efforts. Homeowners can secure loans up to $500,000 for repairs, while personal property replacements can be financed up to $100,000. For businesses and nonprofits that suffered uninsured losses, assistance reaches up to $2 million.

Governor Shapiro emphasized the importance of this support: ‘The flooding caused by the remnants of Tropical Storm Debby was devastating for many Pennsylvanians across our Commonwealth, and my administration continues to work to do everything we can to help them recover and rebuild.’ The aid is part of a broader effort initiated by the August 2024 disaster declaration that extends loan terms to 30 years, tailored to each borrower’s repayment capacity.

To further facilitate the application process, the SBA has established Disaster Loan Outreach Centers in the affected counties, which will provide in-person assistance. Interested parties can also contact the SBA Customer Service Center at 1-800-659-2955 or download the necessary applications online. It is imperative to note the deadlines for applications, with those for physical damages due by February 11, 2025, and economic injury loans accepted until September 15, 2025.

In August 2024, Pennsylvania experienced significant flooding due to the remnants of Tropical Storm Debby, prompting a disaster declaration from Governor Josh Shapiro. This devastation impacted numerous residents and businesses in Clearfield and Indiana counties, triggering the necessity for financial assistance. The U.S. Small Business Administration responded by approving low-interest disaster loans aimed at facilitating recovery for those impacted, reflecting a commitment to support the community in rebuilding efforts.

In summary, federal aid is now available for residents and businesses in Clearfield and Indiana counties recovering from Tropical Storm Debby. The U.S. Small Business Administration has implemented a disaster loan program offering significant financial assistance to those affected. With the established deadlines, it is crucial for impacted individuals to apply promptly to secure the aid necessary for recovery and reconstruction efforts.

Original Source: www.explorejeffersonpa.com