Momentum - Business to Business Online Magazine September 2017 | Page 41

Hurricane Harvey Recovery Assistance
League City, TX
Individuals
and
Households
Program
Individuals
and
Households
Program
Page 2 2
Page
FEMA’s Individuals and Households Program provides Housing Assistance and Other Needs
FEMA’s
Individuals
and Households
provides
Assistance
Needs Assistance.
Housing
Assistance.
Housing
Assistance Program
includes
grants Housing
for home
repairs and
and Other
the replacement
of essential
Assistance
grants
for home
and the
replacement
of essential
items
not covered
by
household includes
items not
covered
by repairs
insurance,
grants
for evacuee
hotel household
night stays,
interim
housing
insurance,
grants
evacuee hotel
night resources.
stays, interim housing assistance, and permanent housing resources.
assistance,
and for
permanent
housing
Other Needs Assistance provides grants, up to the program maximum, for necessary expenses and serious needs
Other Needs Assistance provides grants, up to the program maximum, for necessary expenses
that
not housing
and
that
can’t be related
met through
means.
expenses
include:
personal
and are
serious
needs related
that are
not
housing
and other
that can’t
be Eligible
met through
other
means.
Eligible
property,
and property,
dental expenses,
funeral
and burial
legal
fees, cleanup
costs and
and burial
expenses childcare,
include: medical
personal
childcare,
medical
and costs,
dental
expenses,
funeral
transportation.
costs, legal fees,
cleanup costs and transportation.
FEMA
National
Flood
Insurance
Program
FEMA
National
Flood
Insurance
Program
Page 4 4
Page
FEMA’s National Flood Insurance Program provides affordable flood insurance to property
FEMA’s National Flood Insurance Program provides affordable flood insurance to property owners.
owners.
Small Business Administration Disaster Loan Program
Page 5
Small Business Administration Disaster Loan Program
Page 5
The SBA
SBA
Disaster
Program
provides
to $2
million
in loans
low interest
loans of to all businesses
of
The
Disaster
Loan Loan
Program
provides
up to $2 up
million
in low
interest
to businesses
sizes impacted
all a sizes
impacted
by
declared
disaster. by a declared disaster.
Disaster
Assistance
Disaster Unemployment
Unemployment
Assistance
Page 6 6
Page
Disaster unemployment assistance may provide up to 26 weeks for workers who temporarily lost
Special
Tax Considerations
jobs because
of the disaster and do not qualify for state benefits, such as self-employed Page 6
individuals.
Those who have experienced a loss from a declared disaster may be eligible to receive a tax deduction under the
IRS Casualty Loss Deduction Program.
Special Tax Considerations
Page 6
Those who have experienced a loss from a declared disaster may be eligible to receive Page
a tax 7
Appendix: Linked Documents
deduction under the IRS Casualty Loss Deduction Program. A casualty is defined as a sudden,
unexpected or unusual event including natural disasters like hurricanes, tornadoes, floods and
earthquakes. It can also include losses from fires, accidents, thefts or vandalism.
Appendix: Linked Documents
Page 7