8:15 am - Monday December 11, 2017

Federal Disaster Aid for Colorado Flooding Tops $304 Million

 In the more than six months since heavy rains brought flooding in September 2013, Colorado survivors have received more than $304 million from FEMA disaster grants, flood insurance payments and SBA low-interest disaster loans.

To date:

• FEMA has granted nearly $55.9 million for housing assistance in 11 designated counties and nearly $4.9 million in other needs assistance, such as disaster-related medical expenses or personal property loss. Flood survivors have also received disaster unemployment assistance and disaster legal services.

• FEMA has obligated more than $76.1 million to publicly owned entities and certain nonprofits in 18 designated counties. Through its Public Assistance cost-share program, FEMA reimburses 75 percent for eligible, disaster-related costs for debris removal, emergency measures and permanent work to repair and replace disaster-damaged public facilities. The remaining 25 percent nonfederal share comes from state and local sources. The state manages the grants for all projects.

• The SBA has approved nearly $102.6 million in federal disaster loans to Colorado homeowners, renters, businesses and private nonprofit organizations that sustained damage from the severe storms and flooding.

• The National Flood Insurance Program has approved nearly $64.7 million to settle 2,085 claims.

• FEMA is providing manufactured housing units for 40 households who have no other suitable housing available.



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