On Oct. 17, FEMA, SBA reported disaster assistance for Alaska floods.
FEMA reported President Biden approved major disaster declaration for Alaska.
Federal disaster assistance now available to State of Alaska to supplement recovery efforts in the areas affected by the flooding occurring from Aug. 5 to Aug. 6, 2024.
Overview
Makes federal funding available to affected individuals including grants for temporary housing and home repairs, low-cost loans to cover uninsured property losses.
Federal funding is also available to state, tribal and eligible local governments and certain private nonprofit organizations on a cost-sharing basis for emergency work.
Additionally available for the repair or replacement of facilities damaged by flooding.
Federal funding also available on a cost-sharing basis for hazard mitigation statewide.
SBA Aid Available to Nonprofits
SBA has made federal disaster loans available to private nonprofits in Alaska following the President's approval of the federal major disaster declaration for Alaska.
Private nonprofits providing essential services of a governmental nature are eligible.
May lend private nonprofits up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets.
For certain private nonprofits, the SBA offers low-interest Economic Injury Disaster Loans (EIDLs) to help with meeting working capital needs caused by the disaster.
Oct. 17, 2024 SBA Disaster Aid Businesses
On Oct. 17, 2024, SBA reported low-interest federal disaster loans are now available to Alaska businesses and residents as a result of flooding that occurred Aug. 5 to 6, 2024
Businesses of all sizes and private nonprofits may borrow up to $2mn to repair or replace damaged or destroyed real estate, machinery, equipment and inventory.
Economic Injury Disaster Loans (EIDLs) are available for small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, private nonprofits.
EIDLs help meet working capital needs caused by disaster regardless of any damage.
On Oct. 15, 2024, it was announced that funds for the Disaster Loan Program have been fully expended; no new loans can be issued until Congress appropriates funds.
Applications will continue to be accepted and processed to ensure individuals and businesses are prepared to receive assistance once funding becomes available.
Nov. 2024 FEMA Disaster Unemployment Assistance
On Nov. 15, 2024, FEMA reported workers and self-employed individuals within the City, Borough of Juneau may qualify for Disaster Unemployment Assistance (DUA).
If unemployed as a direct result of the flooding that occurred on Aug. 5-6, 2024.
Applications for DUA must be submitted no later than Monday, Dec. 16, 2024.
Regulators
FEMA; SBA
Entity Types
CNSM; Corp
Reference
FEMA: DR-4836-AK-NR-005, 11/15/2024; SBA: PR AK 20541-01, PR AK 20780-01, 10/17/2024; FEMA: PR HQ-24-278, 10/17/2024;
