White House, FEMA Maine Disaster Aid


On Mar. 21, FEMA reported White House approved disaster declaration


  • White House President released Biden's declaration of major disaster and approval of governor's request for individual assistance for severely impacted businesses, people.
  • In response to severe storms on Jan. 10 and Jan. 13 that caused significant flooding.
  • On the same day, ME LEG Governor Mills reported disaster aid for January storms.
  • Eligibility
  • White House's disaster declaration states that residents and business owners, who sustained losses in the designated areas can begin applying now for assistance.
  • Governor's press release mainly addressed assistance to individuals and non-profits.
  • However, SBA is expected to make low interest loans available to help impacted businesses of all sizes in the form of low interest loans in impacted counties.
  • Maine coastal counties: Washington, Hancock, Waldo, Knox, Lincoln, Sagadahoc, other.
  • Additionally, anticipated that FEMA, in partnership with Maine Emergency Management Agency (MEMA), will establish Disaster Recovery Centers in impacted areas.
  • FEMA Disaster Survivor Assistance (DSA) teams will be deployed to Maine to help victims apply for Federal assistance to pay for temporary housing, home repairs, etc.
  • Mar. 28, 2024 SBA Fed Reg Notice
  • On Mar. 28, 2024, SBA published federal register notice of the President declaration of major disaster for Maine from storms, floods (FEMA-4764-DR), dated Mar. 20, 2024.
  • Physical damage loan applications must be submitted to SBA no later than May 20, 2024, Economic Injury Disaster Loans (EIDLs) must be submitted by Dec. 23, 2024.
  • EIDLs are available in contiguous ME counties of Androscoggin, Aroostook, Kennebec, Oxford, Penobscot, Somerset and NH counties of Strafford, Rockingham, Carroll.

Regulators FEMA; ME LEG; White House
Entity Types CNSM; Corp
Reference SBA: 89 FR 21653, 89 FR 21655; 3/28/2024; FEMA: PR HQ-24-044, 3/21/2024; ME LEG: PR, 3/20/2024; White House: PR, 3/20/2024; Docket: Disaster Declaration #20172, #20173, ME-20003;
Functions BCS; Compliance; Financial; Legal; Operations
Countries United States of America
Category
State
Products Corporate; Loan
Regions Am
Rule Type Final
Rule Date 3/21/2024
Effective Date 5/20/2024
Rule Id 205437
Linked to N/A
Reg. Last Update 3/28/2024
Report Section US Investment

Last substantive update on 04/03/2024