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

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.

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