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Congressman Neal Dunn

Representing the 2nd District of Florida

Disaster Assistance

Below you will find information on federal disaster assistance programs for the Federal Emergency Management Agency (FEMA), the Small Business Administration (SBA), and Disaster Unemployment Assistance.


FEMA Individual Assistance
Aids individuals and families who have lost their homes as a result of a presidentially-declared disaster
Renters or homeowner may qualify for assistance
Assistance cannot duplicate the assistance you receive from your insurance company, but you may receive assistance for items not covered by insurance
Secondary homes or vacation properties are not eligible
Apply at https://www.disasterassistance.gov/ or by calling the registration phone number at 1-800-621-3362; those who have a speech disability or hearing loss and use TTY, should call 1-800-462-7585 directly; for those who use 711 or Video Relay Service (VRS), call 1-800-621-3362


 
U.S. Small Business Administration Disaster Loan Assistance
SBA provides low-interest disaster loans to businesses of all sizes, private non-profit organizations, homeowners, and renters. SBA disaster loans can be used to repair or replace the following items damaged or destroyed in a declared disaster: real estate, personal property, machinery and equipment, and inventory and business assets. Before you can apply for any type of SBA loan, you must register with FEMA at https://www.disasterassistance.gov/ or by calling the registration phone number at 1-800-621-3362; those who have a speech disability or hearing loss and use TTY, should call 1-800-462-7585 directly; for those who use 711 or Video Relay Service (VRS), call 1-800-621-3362.
 
For Businesses: 
 
Physical Disaster Loans 
Businesses of all sizes and private, nonprofit organizations may apply for a loan of up to $2 million to repair or replace damaged real estate, equipment, inventory and fixtures
The loan may be increased by as much as 20 percent of the total amount of physical loss, as verified by SBA, to protect the property against future disasters of the same type
These loans will cover uninsured or under-insured losses
 
Economic Injury Disaster Loans 
Small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, nonprofit organizations of all sizes suffering substantial economic injury may be eligible for a loan of up to $2 million to meet necessary financial obligations (expenses the business would have paid if the disaster had not occurred)
 
Interest Rates 
Applicants unable to obtain credit elsewhere the interest rate will not exceed 4 percent
Applicants who can obtain credit elsewhere the interest rate will not exceed 8 percent
SBA determines whether the applicant has credit available elsewhere
Repayment can be up to 30 years, depending on the business’s ability to repay the loan

For Homeowners or Renters:
If you are in a declared disaster area and are the victim of a disaster, you may be eligible for a low-interest rate disaster loan from the U.S. Small Business Administration - even if you don't own a business. As a homeowner, renter and/or personal-property owner, you may apply to the SBA for a loan to help you recover from a disaster. Before you can apply for any type of SBA loan, you must register with FEMA at https://www.disasterassistance.gov/ or by calling the registration phone number at 1-800-621-3362; those who have a speech disability or hearing loss and use TTY, should call 1-800-462-7585 directly; for those who use 711 or Video Relay Service (VRS), call 1-800-621-3362.
Homeowners or renters may borrow up to $40,000 to repair or replace clothing, furniture, cars or appliances damaged or destroyed in the disaster
Homeowners may apply for up to $200,000 to repair or replace their primary residence to its pre-disaster condition
Loans may not be used to upgrade homes or make additions unless as required by local building authority/code
Loans may be increased up to 20 percent of the total amount of physical loss, as verified by SBA, to make improvements that lessen the risk of property damage by future disasters of the same kind
Secondary homes or vacation properties are not eligible for these loans
Any proceeds from insurance coverage on your property or home will be deducted from the total damage to the property to determine the loan amount you are eligible for
Applicants unable to obtain credit elsewhere the interest rate will not exceed 4 percent
Applicants who can obtain credit elsewhere the interest rate will not exceed 8 percent
SBA offers loans with long-term repayments in many cases up to 30 years
Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay

Fannie Mae and Freddie Mac
Federally regulated Fannie Mae and Freddie Mac have mortgage relief options for those affected by natural disasters, including Hurricanes Harvey and Irma, for loans they are invested in.
 
Eligible to temporarily stop making your monthly mortgage payment for up to 12 months
Won’t have late fees
Won’t have delinquencies reported to the credit
Won’t have to catch up on all of your payments at once
Work with your servicer to resume making a mortgage payment that is similar to what you paid before the disaster
Contact your mortgage servicer (the company where you send your monthly payments) as soon as possible to let them know about your current circumstances
If you are having difficulty contacting your mortgage servicer, contact the Homeowner’s HOPE Hotline at 1-888-995-HOPE (4673) for assistance and FREE confidential support from a HUD-approved housing counselor
 
Disaster Unemployment Assistance
Disaster Unemployment Assistance is a federally funded benefit program that assists individuals who become unemployed because of a disaster.
 
All eligible individuals have 30 days from the announcement date to file a claim
The disaster period is the 26-week period beginning with the first week following the date the major disaster began and ending with the 26th week after the date the major disaster was declared
Depending on the date of the declaration, it is possible for individuals to receive more than 26 weeks of benefits
An individual must exhaust all entitlement (Reemployment Assistance, Emergency Unemployment Compensation) prior to being eligible
A claimant who is disqualified from receiving regular reemployment benefits may be entitled
Entitlement will be calculated with a base period of the most recent tax year that ended prior to the individual’s unemployment that was the direct result of a disaster
For any week that the claimant’s earnings are more than the calculated weekly benefit amount, the individual receives no payment for the week
Issues: