LINKEDINCOMMENTMORE

York County residents and businesses whose properties were damaged in an Aug. 31 storm might be eligible for low-interest loans after the U.S. Small Business Administration approved a disaster declaration for York and Lancaster counties.

Gov. Tom Wolf announced the approval of his request for disaster aid in a news release Friday, Oct. 19. 

The SBA Disaster Loan Programs offers loans up to $200,000 for homeowners to repair or replace damaged real estate. Loans up to $40,000 are available to repair or replace personal property. 

Businesses and nonprofits can borrow up to $2 million to restore damaged or destroyed buildings, inventory, equipment and assets. 

“Residents throughout the commonwealth are still recovering from the record-shattering storms that disrupted their lives this summer,” Wolf stated in his release. “Loan programs like these provide a low-cost and accessible lifeline to individuals starting the rebuilding and recovery process.”

More: State and federal officials still assessing York County storm damage

More: All York County residents live in flood zone, experts warn

Autoplay
Show Thumbnails
Show Captions

County spokesman Mark Walters said the deceleration is "encouraging" and the county is "happy we were able to get that."

The decision comes after state and federal officials toured damaged properties in September. 

At the time, Walters said public and municipal damage in York County was about $20 million. Residential damage can't be measured in a dollar figure as it's reported to the county based on a severity scale, rather than a monetary scale, he said. 

LINKEDINCOMMENTMORE
Read or Share this story: https://www.yorkdispatch.com/story/news/2018/10/19/feds-ok-disaster-declaration-york-countys-august-flood-damage/1696746002/