NH LEG Disaster Declaration and Aid


On Aug. 20, NH LEG reported White House, FEMA approve disaster aid


  • White House declared that a major disaster exists in New Hampshire, ordered federal assistance in areas affected by severe storm and flooding from Jul. 10 to Jul. 13, 2024
  • Presidential declaration makes aid available in the NH counties of Coos and Grafton.
  • Assistance Available
  • Declaration makes Public Assistance Program available to those in designated counties.
  • Public Assistance Program provides grants to State, local governments to assist with disaster recovery, including debris removal and emergency protective measures.
  • The Program, also assists with permanent restoration of community infrastructure.
  • FEMA can fund up to seventy five percent of the eligible costs of approved projects.
  • Aug. 2024 SBA Private Non-Profits Aid
  • On Aug. 22, 2024, SBA made disaster loans available to certain Private non-profits (PNPs) that do not provide critical services of a governmental nature to public.
  • Eligible PNP organizations in the counties of Coos and Grafton may apply for loans.
  • Such as kitchens, homeless shelters, museums, libraries, community centers, schools.
  • PNP organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.
  • Applicants may be eligible for a loan amount increase of up to 20% of their physical damages, as verified by the SBA, for mitigation purposes to aid in future disasters.
  • SBA also offers PNPs Economic injury disaster loans (EIDLs) to help meet working capital needs, such as ongoing operating expenses regardless of physical damage.
  • Filing deadline for physical damage is Oct. 21, 2024; for EIDLs May 20, 2025.
  • In Aug. 2024, HUD offered disaster aid to New Hampshire flood victims, see #223754.
  • Sep. 2024 SBA Federal Register Notice
  • On Sep. 13, 2024, SBA published notice of presidential disaster declaration for public assistance only, for State of NH, dated Aug. 20, 2024, in the federal register.

Regulators FEMA; NH LEG; SBA; White House
Entity Types CNSM; Corp
Reference SBA: 89 FR 75006, 9/13/2024; PR 24-590, 8/22/2024; NH LEG: PR, 8/20/2024; White House: PR, 8/20/2024; FEMA: PR HQ-24-167,
Functions BCS; Financial; Operations
Countries United States of America
Category
State
Products Corporate; Loan
Regions Am
Rule Type Final
Rule Date 8/20/2024
Effective Date 10/21/2024
Rule Id 223287
Linked to N/A
Reg. Last Update 9/13/2024
Report Section US Investment

Last substantive update on 09/18/2024