According to a report by KHOU 11, Harris County Judge Lina Hidalgo announced on Friday that Kingwood residents affected by floods in early May can now apply for SBA loans. Loan amounts can range up to $200,000 with interest rates as low as 1.983 percent.
Most of those affected live in Elm Grove and North Kingwood Forest. However, the county estimates approximately 400 families in Harris County flooded. They will also be eligible.
Where to Apply
Harris County, the Texas Division of Emergency Management, the Texas Governor’s Office and the city of Houston worked together to secure the federal assistance.
Hidalgo Stresses Aid May Not Be Available in Next Flood
“We will always fight zealously for our region, but the process for obtaining federal disaster assistance all too often ignores the reality of what’s happening on the ground,” Judge Hidalgo said. “Until the federal government addresses this issue and lowers the threshold for aid, we run the risk in future incidents of hard-hit residents being left without key federal assistance.”
Posted by Bob Rehak on 7/14/2019 with help from Juanita Cantu
684 Days after Hurricane Harvey and 9 weeks after the Elm Grove Flood