Ford County Loan Program Approved | State and regional

0

THE PANTAGRAPH

GIBSON CITY – The United States Small Business Administration has approved a request to help residents and businesses in Ford County recover from severe storms and flash floods.

The approval makes long-term loans available at low interest rates to pay for the costs of recovery after the storm. To benefit, the authorities had to prove that at least 25 households and / or businesses had suffered major uninsured losses of at least 40%.

Storms dumped up to 10 inches of rain around the Gibson City area, causing severe flooding, damage to homes and businesses, and the evacuation of at least 200 people.

Governor JB Pritzker and congressional leaders called on federal authorities to approve the funding.

“This disaster declaration will provide an additional level of support to residents and businesses of east central Illinois and I commend the US Small Business Administration for its swift response,” Pritzker said in a statement Monday. “The State of Illinois will continue to deploy all resources at its disposal to assist Ford County and its residents as we ensure the region recovers completely.”

Those in Champaign, Iroquois, Kankakee, Livingston, McLean and Vermilion are also eligible to apply for loans made available by the SBA statement.

An investigation identified at least 104 homes and at least six businesses in Ford County that sustained significant damage resulting in more than $ 2.8 million in uninsured losses.

The damage did not meet the threshold of a federal disaster declaration from the Federal Emergency Management Agency.

In a joint letter sent Monday to SBA administrator Isabella Casillas Guzman, all 18 members of the United States House of Representatives and two United States senators from Illinois wrote that the assessment found that “many properties sustained significant damage or were destroyed as a result of the flooding.

The state congressional delegation also wrote that “helping these residents to recover is of the utmost importance” and that Pritzker “has determined that this incident is of such seriousness and magnitude as effective response exceeds the capacities of the state and local governments “.

A multi-agency resource center was set up at the Kruse Center on Saturday, and the Rubicon team will be on hand to help until Tuesday.

Gibson City says crews began picking up debris on Monday and will continue to work until Thursday, August 26. Another round of pickups will begin on Monday, August 30.


Source link

Leave A Reply

Your email address will not be published.