White House May Kentucky Disaster


On Jul. 24, FEMA, White House funds, aid following tornado, landslide.


  • FEMA announced federal aid to KNY in response to White House disaster declaration.
  • Makes available federal assistance to supplement State, local recovery efforts in areas affected by storms, winds, tornadoes, land- and mudslides on May 21 - May 27, 2024.
  • White House President Biden approved KNY major disaster declaration Jul. 23, 2024.
  • Presidential declaration of a major disaster will be published in the federal register.
  • Kentucky Federal Aid
  • Programs to help individuals and business owners recover from effects of the disaster.
  • Includes temporary housing, home repair, or lost-cost loan re uninsured property loss.
  • Residents, business owners with sustained losses in designated areas may begin to apply for federal assistance through FEMA via the agency's website, app, or phone.
  • Further designations may be made at later date if requested by KNY and warranted.
  • Counties Within Scope
  • Federal action makes funding available to affected individuals in the counties of Butler,
  • Also, Caldwell, Calloway, Christian, Clay, Greenup, Hopkins, Knox, Logan, Muhlenberg.
  • Additionally, Kentucky counties of Simpson, Todd, Trigg, Warren, as well as Whitley.
  • Cost-Sharing Funding
  • Funds available on cost-sharing basis re emergency work, facility repair, replacement.
  • Counties in addition to the above-named are eligible, listed for federal cost-sharing.
  • Lastly, hazard mitigation measures throughout Kentucky are covered by this policy.
  • Jul. 24, 2024 FEMA Application Guidance
  • On Jul. 24, 2024, FEMA issued guidance on applying for disaster assistance.
  • Application may be made via telephone, online, or via FEMA's mobile app.
  • Victims should supply phone number, address at time of disaster and now, Social Security number, list of damages, banking information, insurance information.
  • FEMA cannot duplicate insurance coverage but may provide temporary housing funds or units, replacement or replacement of homes, funds for hazard mitigation.
  • May also provides seriously needed expenses, immediate housing, essential household items, vehicle assistance, funeral and burial expenses, child care, medical expenses.
  • Additionally, moving and storage expenses to protect essential household goods.
  • Jul. 24, 2024 KNY LEG State of Emergency
  • On Jul. 24, 2024, KNY LEG reported Gov. Beshear declared State of emergency with EO 2024-379 on May 26, 2024, and federal disaster declaration request was approved.
  • Makes federal funding available in Butler, Caldwell, Calloway, Christian, Clay, Greenup, Hopkins, Knox, Logan, Muhlenberg, Simpson, Todd, Trigg, Warren, Whitley counties.
  • Also available to eligible local governments, certain private nonprofit organizations on cost-sharing basis for emergency work, repair or replacement of facilities damaged.
  • In counties of Adair, Allen, Ballard, Barren, Breckinridge, Butler, Caldwell, Calloway, Carlisle, Christian, Clay, Clinton, Crittenden, Cumberland, Edmonson, Estill, Fulton.
  • Garrard, Graves, Grayson, Green, Hart, Hickman, Hopkins, Jackson, Knox, LaRue, Laurel, Lee, Leslie, Livingston, Logan, Lyon, Marshall, McCracken, McCreary, McLean.
  • Meade, Menifee, Metcalfe, Monroe, Muhlenberg, Ohio, Owsley, Pulaski, Rockcastle, Russell, Simpson, Todd, Trigg, Warren, Washington, Wayne, Whitley and Woodford.
  • Jul. 31, 2024 FDIC Financial Letter
  • On Jul. 31, 2024, FDIC issued FIL-51-2024 to help financial institutions, facilitate recovery in areas affected by severe storms, straight-line winds, tornadoes, landslides.
  • That caused significant property damage in areas of Kentucky May 21 to May 27.
  • Encouraging banks to work constructively with borrowers experiencing difficulties beyond control because of damage caused by severe storms, straight-line winds, etc.
  • Banks that extend repayment terms, restructure existing loans, ease terms for new loans with sound banking practices can contribute to health of the local community.
  • May receive favorable Community reinvestment act (CRA) consideration for community development loans, investments, and services in support of disaster recovery.
  • FDIC will consider regulatory relief from certain filing and publishing requirements.
  • Also, on Jul. 30, 2024, FEMA reported updates to its individual assistance program.
  • Revisions offer new benefits, expanded eligibility, and a simplified application.
  • Now offers serious need assistance, displacement assistance, and expands access to other needs assistance and help to underinsured persons and home repair aid.
  • Aug. 2, 2024 FEMA Serious Needs Assistance
  • On Aug. 2, 2024, FEMA made available Serious Needs Assistance to Kentuckians affected by May 21-27 severe weather as, update to Individual Assistance program.
  • Serious Needs Assistance is a one-time assistance payment per household.
  • Immediate or serious needs assistance may provide lifesaving and life-sustaining items, including water, food, first aid, prescriptions, medical supplies, and fuel.
  • Impacted individuals may be eligible if completed FEMA application, FEMA confirms identity, primary home is in disaster area, you are displaced or have other costs.
  • Applications may be filed at a center, online, via telephone or the FEMA mobile app.
  • The deadline for Serious Needs Assistance applications is Aug. 22, 2024.
  • Aug. 9, 2024, FEMA Renters' Assistance Available
  • On Aug. 9, 2024, FEMA reported Individual Assistance is available to KNY renters.
  • Available in Caldwell, Calloway, Christian, Clay, Greenup, Hopkins, Knox, Logan, Muhlenberg, Simpson, Todd, Trigg, Warren and Whitley counties due to storms.
  • Initial grant is for 1-month or 2-month period; can be reviewed for further assistance.
  • Renters may also qualify for a grant under FEMA's Other Needs Assistance program for uninsured essential personal property losses and other disaster-related expenses.
  • The deadline to apply for FEMA Individual Assistance is Sept. 22, 2024.
  • In Aug. 2024, KNY LEG opened applications for disaster unemployment aid, #222581.
  • In Aug. 2024, FEMA reported displacement assistance available in KNY, see #222848.
  • In Aug. 2024, FEMA reported clean and sanitize assistance for home in KNY, #223294.
  • Aug. 16, 2024 FEMA Damaged Vehicle Aid
  • On Aug. 16, 2024, FEMA made damaged vehicle assistance available to KNY residents.
  • Assistance available to those whose vehicles were damaged due to May 21-27 storms.
  • Aug. 21, 2024 FEMA Personal Property
  • On Aug. 21, 2024, FEMA reported assistance available for personal property loss, and reported that impacted survivors can apply for SBA when they apply for FEMA aid.
  • FEMA may provide help, if conditions meet eligibility requirements, with appliances, clothing, home furnishings, tools, computers and accessibility items for disabilities.
  • The items must have been owned before the disaster, and was damaged by disaster.
  • In Aug. 2024, FEMA reported disaster aid for KNY farmers, ranch hands, see #223703
  • In Sep. 2024, SBA amended the presidential KNY disaster declaration, see #224238.

Regulators FDIC; FEMA; KNY LEG; White House
Entity Types Bank; CNSM; Corp
Reference FEMA: PR NR-022, PR NR-021, 8/21/2024; PR NR-019, 8/16/2024; FEMA: PR NR-014, 8/9/2024; FEMA: NR-007, 8/2/ 2024; FDIC: FIL-51-2024, 7/31/2024; KNY LEG: PR, 7/24/2024; EO 2024-379, 5/26, 2024; FEMA: PR NR-004, 7/30/2024; PR NR-001, 7/24/2024; PR HQ-24-134, 7/24/2024; White House: PR, 7/23/2024;
Functions BCS; Compliance; Financial; Legal; Operations; Risk
Countries United States of America
Category
State
Products Banking; Corporate; Disability; Loan; Mortgage
Regions Am
Rule Type Final
Rule Date 7/24/2024
Effective Date 9/22/2024
Rule Id 220583
Linked to Rule :213059
Reg. Last Update 8/21/2024
Report Section US Investment

Last substantive update on 08/23/2024