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Struggling After Storms: Farmers, Businesses, and Homeowners Wait for Aid
USAFriday, December 20, 2024
Homeowners like retired engineer Thomas Ellzey are also affected. His house in Fairview, North Carolina, has been filled with mud for nearly three months. Despite pre-qualifying for a low-interest loan from the SBA, he's been told the agency lacks funds and is waiting on Congress. "Going back into debt at my age is tough, " Ellzey admitted.
The spending bill aims to provide $2. 2 billion for low-interest loans, $8 billion for road repairs, and $12 billion in block grants for communities hit by disasters. This money would benefit not only those affected by recent hurricanes but also those impacted by other past disasters like droughts and wildfires.
Stan Gimont, a senior adviser for community recovery, emphasizes the ongoing financial burden of past disasters. "Even though events like the Maui fire in Hawaii happened in the past, the bills are yet to be fully paid, " he said.
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