The severe weather of June and July came with devastating consequences for many Indiana residents.
Because the rain often caused flooding, homes, businesses and possessions were either lost or damaged. For those residents, businesses and nonprofits, including the ones in Monroe County, there is now an option to recoup some of those losses.
According to a press release, Gov. Mike Pence received confirmation Wednesday that loans will be available for those who need to pay for flood losses that insurance companies won’t cover. The loans will be long-term and low-interest.
For homeowners, the loans can total up to $200,000 to repair or replace damaged real estate. Property damage loans for personal property can total up to $40,000 for homeowners and renters.
The Indiana Department of Homeland Security worked with the U.S. Small Business Administration to secure the loans for the state.
Applicants can use the forms found online at: disasterloan.sba.gov/ela or they can visit a loan outreach site. Those sites will be located in Brown, Huntington, Jay, Jefferson and Morgan counties. The exact locations and hours for the sites are undetermined.
Lyndsay Jones
