The latest interview in my Impact series: Just months before Hurricane Harvey, Jennifer Coulter and her husband, Chris, decided to start a new company called Texas Power Agents. The SBA used the timing of that decision to deny them a loan. And because they were then forced to liquidate their 401Ks to repair their home (a move which Jennifer thought counted as income), the City then denied them a Homeowner Assistance Grant. Through it all, they managed to rebuild their home, grow their company, and grow closer as a family. Long ago, they stopped expecting help from the bureaucracy and rebuilt their home with their own hands and the help of friends. Now, one thousand days after Harvey, they look back at the whole experience as a blessing in many ways.
Bob Rehak: Harvey flooded your home. How badly?
Jennifer Coulter: Almost two-feet. But we gutted up to four feet. The house was unusable for a long time because it’s a one story house.
The Great Post-Harvey, Year-Long Camp Out
Bob Rehak: You lived in a camper in your driveway for about a year.
Jennifer Coulter: That was our best move! We went to a friend’s house for a week. And then another friend’s. Once we figured out this was a long-term process, we got a rental property. But the landlord tried to change the amount of the lease after we moved in. So we moved on.
Jennifer Coulter: Then, a friend whose mother’s house had been vacant in Oakhurst for five years invited us to move in and just pay the utilities. But after two months, the family trust decided to sell the home.
That’s when we bought the trailer. We knew we needed to be in control of our living situation. The only way we could do that affordably was with a trailer. But we had to buy a new one; there were no used ones available. And so, yeah, we went to Oklahoma, bought a trailer and lived in it for almost a year in our driveway. Two adults. Two kids. Two cats. And one dog. That actually turned out to be the right decision. We wish we had made that choice first.
Fruitless Search for SBA Help
Bob Rehak: So this whole time you’re working on your house?
Jennifer Coulter: We were gutting it. But we had no means to finance the rebuild. We were trying to figure that part out. So, we applied for an SBA loan. People told us that was our only option, since we didn’t have flood insurance and there was no way to get a home equity loan.
Bob Rehak: Why didn’t you have flood insurance?
Jennifer Coulter: We live more than two miles from the West Fork in the 500-year flood plain. It was a bad miscalculation.
Bob Rehak: So you started the process of getting an SBA loan?
Jennifer Coulter: Yes, we filled out the application. And because we started a small business just six months before the flood, we were not eligible. We didn’t have two years of tax returns on the business. And we were not receiving paychecks from an employer. They denied us for “inability to repay the loan.” Even though we had great credit and assets well in excess of the amount we were asking for, the SBA denied us.
Drawing Down 401Ks to Afford Repairs
Bob Rehak: Where did you go next?
Jennifer Coulter: To our 401Ks. I had two small retirement accounts and Chris had a sizable one. Taking money out of those would later prove to be yet another fateful decision.
Bob Rehak: You were your own general contractor.
Jennifer Coulter: Yes, we did not have money to pay one. But that meant we had to figure out how to do it ourselves. That created extra stress while we were trying to grow a new business.
Bob Rehak: Back to the search for aid. You eventually applied for a homeowner assistance grant.
Jennifer Coulter: I applied the first day you could back in February 2019.
Bob Rehak: Tell me about that process. Did you start online and then go downtown to finish?
Jennifer Coulter: They never invited us to go that far. The first step was to fill out a survey that screens people. You just give general information about damage to your home, your income level, and that sort of stuff.
Tapping 401Ks Counts Against Them
Jennifer Coulter: So when asked about income, I put what was on our 2018 tax return because I thought that was what they required. But we were cleaning out retirement funds to repair the home, because the business had not yet taken off. I was told that within days or maybe two weeks that someone would reach out to us. And at that point, we would fill out a formal application. Then we would receive whatever funds we may or may not be eligible for. No one ever called back.
So I called them back. At least six times. But every time, I was told, “Well, you’re in priority group six; we’re still working on priority groups one and two.”
We never even made it to the application phase to be considered for anything.
City Won’t Let Them Undo Mistake
Bob Rehak: You said at one point that you reported the withdrawal from your 401Ks as income and you eventually came to realize that was a mistake. Did you try to undo that?
Jennifer Coulter: Yes, I called and said “I’ve made a mistake. I think I put something as income that really shouldn’t be income. How can I amend my survey?”
She said, “Well, we’re addressing them in the order of receipt. So if you changed it, that puts you at the back of the line.”
Bob Rehak: Really?
Jennifer Coulter: I was told not to change a thing, that I had a better chance of moving down the line if I left it as it was. And when I got further into the process and got to speak with an agent, I could work out details then.
Bob Rehak: Who were you talking to at this point?
Jennifer Coulter: The people that answer the phone at the Homeowner’s Assistance Program website.
I haven’t called in several months. It was a total waste of time. This money was allocated to help people like us. But the Small Business Administration denied us a loan, because we had just started a small business. The logic or lack thereof is just mind boggling!
Bob Rehak: So sad!
Turning Corner With Community Support
Jennifer Coulter: We’re not alone. But at least our business is growing. We have great community support. Most of our customers are in the Kingwood and Lake Houston area. And the business is growing by word of mouth. We feel so very fortunate.
We know that our recovery will be a long one. But we’ll get there, whether we receive aid or not.
Bob Rehak: Where do you go from here? Are you just going to gut it out or do you still have hope for the loan or the grant?
Jennifer Coulter: I’ll probably see if I can get through to the GLO and give it one last ditch effort. But I assume it’s never gonna happen.
Where’d The Money Go?
Jennifer Coulter: It hurts. We saved so hard and vowed we would never touch that money until retirement. The City of Houston got hundreds of millions to help people like us. And then, according to Channel 13, they’ve managed to rebuild less that four dozen homes in more than a year.
It just makes college for the kids and things like that a big question mark. But we’ll figure it out. We will. We believe in our business and we believe we’ll be successful.
Someday this will all be a distant memory. We’ll work it out. That’s what we do. We put our heads down, work, and move forward.
The Silver Lining
Bob Rehak: How would you characterize this whole experience in a phrase?
Jennifer Coulter: Both a blessing and a curse. At the time, it was dark and scary and heartbreaking.
But then, you know, you pick your head up and you realize that you are surrounded by amazing people. They are willing to share blood, sweat and tears…literally. They helped us tear our house apart and put it back together. They’ve supported our kids. They’ve shared what they can. And that’s more valuable than money.
Chris and I truly feel blessed. Our kids have learned amazing lessons about what is important in life. And we now have this beautiful home that we’ve been able to remake just the way we wanted. As a family, we all had input. We all got to pick things out we wanted.
But we are no happier than when we were living in that trailer together.
Making Us Stronger
Jennifer Coulter: I have no doubt we can handle anything that comes our way, because we have, and we’ve come out ahead. And we would again. It was hard and it was sad, but it wasn’t the end of the world.
Chris kept it in perspective by saying, “This is not a tragedy. This is a major inconvenience.” He maintained that as long as we were healthy and together, we would get through it and come out on the other side. Hearing us say those things and watching us live them enabled all of us to come out of it together – both stronger and happier.
Bob Rehak: Your experience would have torn many families apart. What kept you together?
Jennifer Coulter: Laughter. We laugh together. And we love one another. And we allowed ourselves to have our bad moments and gave each other space when we needed it. But we were always there for each other.
Children made the experience harder because we were aware that everything we said and did was being taken in by them. But we were very honest with them. When we were having a bad day, we let them see us cry. We let them see us be angry and frustrated.
We’d say something like, “We’re having a bad day. But it’s OK. You know, tomorrow will be better.” And it was. And so they got to see that light. That’s real life. You get down. You pick your head up and get up the next day and move forward.
You just do it. You don’t belabor the point that somebody is not giving you something. Make it happen yourself.
Bob Rehak: Would you like to share anything else with people?
“Home is Where Your People Are”
Jennifer Coulter: We lived that motto. We made the best of every place we lived and at every point throughout the process.
The power of people is just really remarkable. And this is a really special place. A lot of people say that. But the love and the support that just came at us from so many people was just really, really remarkable. We’re just very lucky to live in this community.
Posted by Bob Rehak on 5/25/2020 with input from Jennifer and Chris Coulter
1000 Days after Hurricane Harvey