HUD, SBA Nebraska Disaster Assistance


On Aug. 21, HUD, SBA reported aid available for Nebraska disaster.


  • HUD ordered federal aid to supplement recovery efforts in Nebraska areas affected by severe storms, straight-line winds, tornadoes, flooding from May 20 to Jun. 3, 2024.
  • SBA made disaster assistance available to Nebraska private nonprofit organizations.
  • Follows Aug. 20 White House approval of disaster declaration for State of Nebraska.
  • FEMA Disaster Assistance
  • FEMA reported public assistance federal funding is available to state, tribal and eligible local governments and certain private nonprofit organizations on a cost-sharing basis.
  • Counties eligible: Burt, Butler, Colfax, Dodge, Douglas, Dundy, Fillmore, Hamilton, Hayes, Hitchcock, Howard, Keith, Platte, Polk, Red Willow, Saunders Washington.
  • Federal funding is available on a cost-sharing basis for hazard mitigation measures.
  • On the same day, NEB LEG reported assistance available for the foregoing counties.
  • Lincoln County, included in declaration, did not qualify for inclusion in federal request.
  • HUD, SBA Disaster Assistance
  • HUD is providing a 90-day moratorium on foreclosures of FHA-insured mortgages and foreclosures of mortgages to Native American borrowers guaranteed per Section 184.
  • Also 90-day extension for Home Equity Conversion Mortgages, effective on President’s disaster declaration date; homeowners should contact their mortgage or loan servicer.
  • Conventional mortgage holders may be eligible for relief through the mortgage holder.
  • SBA offering Economic Injury Disaster Loans (EIDLs) to meet working capital needs, to pay fixed debts, payroll, accounts payable and bills that cannot be paid due to disaster.
  • Deadline to apply for property damage is Oct. 21, 2024, and EIDL, due May 20, 2025.
  • Aug. 27, 2024 SBA Fed Register Disaster Declaration
  • On Aug. 27, 2024, SBA notice of Nebraska disaster declaration in the federal register.

Regulators FEMA; HUD; NEB LEG; SBA; White House
Entity Types CNSM; Corp
Reference SBA: 89 FR 68691, 8/27/2024; PR NE 20558-01, 8/21/2024; HUD: PR 24-212, 8/21/2024; NEB LEG: PR, 8/20/2024; White House: PR, 8/20/2024; FEMA: PR HQ-24-163, 8/20/2024; Disaster Declaration #20558, #20559, NE-20003;
Functions BCS; Financial; Legal; Operations
Countries United States of America
Category
State
Products Corporate; Loan; Mortgage
Regions Am
Rule Type Final
Rule Date 8/20/2024
Effective Date 10/21/2024
Rule Id 223291
Linked to N/A
Reg. Last Update 8/27/2024
Report Section US Investment

Last substantive update on 08/28/2024