The Small Business Administration has opened a temporary disaster loan outreach center at the Dimond Park Aquatic Center. Though FEMA denied disaster aid last month, many Juneau residents may qualify for federal aid through a low-interest loan.
Daniel “Dune” Rothman helps homeowner Sam Hatch remove wet drywall and insulation from their garage on Meander Way on Sunday, Aug. 6. The flooded Mendenhall River brought almost a foot of water into some houses in the neighborhood. glacial outburst flooding in August
“Our low interest loans are really the primary federal recovery dollars for long-term recovery,” MacDonald said. “And our goal is to try to help people get as close to the pre-disaster condition as possible.” Eligibility for those loans is subject to some credit requirements, but interest rates are low — between 2.5% and 4% — with terms of up to 30 years. Those who qualify for loans will be exempt from making payments and accruing interest for a year after they receive their funds.
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