Feds will offer low interest loans: ‘Disaster area’ designation will help Angora fire victims | TahoeDailyTribune.com
YOUR AD HERE »

Feds will offer low interest loans: ‘Disaster area’ designation will help Angora fire victims

Susan Wood

The U.S. Small Business Administration announced Thursday the federal government has declared El Dorado County a disaster area as a result of the Angora fire. It’s offering low-interest disaster loans to residents and businesses affected by the firestorm that claimed 254 homes and torched 3,100 acres.

With the state disaster declaration provided by California Gov. Arnold Schwarzenegger, assistance is available to residents and businesses in El Dorado County. Alpine, Amador, Placer, Sacramento and Douglas counties have been included because of the ripple effect of resources used and the economic impact.

The state declaration provided assistance to the local jurisdictions. The damage costs have added up to at least $151 million, El Dorado County reported. The county also applied for a presidential declaration, which would provide more monetary backup. That recognition is also known.

“Victims of the Angora wildfire have suffered tremendously from this wildfire. I am very pleased that we were able to act so quickly, on the local, state and federal levels of government, to help these victims recover,” Gov. Arnold Schwarzenegger said in a statement.

Disaster loans may be submitted for amounts of up to $200,000 to repair or replace damaged or destroyed homes. Personal property may receive $40,000 for losses.

“It’s good because it opens up more resources,” county Office of Emergency Services Coordinator Marty Hackett said Thursday.


Support Local Journalism

Support Local Journalism

Readers around the Lake Tahoe Basin and beyond make the Tahoe Tribune's work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Your donation will help us continue to cover COVID-19 and our other vital local news.

For tax deductible donations, click here.

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User