Few answers for flood victims?

Flooding in Roanoke Rapids (Tommy Harris)

September 12, 2012 3:13:17 AM PDT
Roanoke Rapids' city council met Tuesday night to discuss the damage caused by flash flooding that hit portions of Halifax and Northampton counties August 25.

Almost 12 inches of rain fell in a short period of time, flooding dozens of roads and more than 75 homes and businesses.

Last week, Governor Bev Perdue announced that financial assistance would be available for some of the victims of the flash floods.

However, Roanoke Rapids' city manager said Tuesday that they are still looking for resources to repair all the damage, causing some residents to be concerned.

"I'm still in a flood plain that the city has taken me out of," homeowner Tim Strickland said. "Until the drainage is fixed it will flood again."

Meanwhile there is federal disaster aid available to victims.

A U.S. Small Business Administration Disaster Loan Outreach Center is open at the Senior Center at 701 Jackson Street in Roanoke Rapids to help residents complete their applications, answer questions about the disaster loan program and explain the application process. It will be open from 9 a.m. to 6 p.m. on weekdays through Thursday, Sept. 13.

Loans up to $200,000 are available through the SBA to homeowners to repair or replace damaged or destroyed real estate.  Homeowners and renters also are eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property. 

Businesses and non-profit organizations may borrow up to $2 million for physical damage. Working capital loans are also available to small businesses and most private non-profit organizations.

 Interest rates are as low as 1.688 percent for homeowners and renters, 3 percent for non-profit organizations and 4 percent for businesses with terms up to 30 years.  Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.

 Individuals and businesses unable to visit the center can apply via the SBA Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or apply online at https://disasterloan.sba.gov/ela/

 Storm victims in Halifax and Northampton Counties who do not qualify for a federal loan may be eligible for a state grant of up to a maximum of $31,400 to help pay for housing and other essential needs.

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