|
Federal Disaster Assistance |
 |
 |
 |
Federal Disaster Assistance - Emergency help provided to communities and individuals by the federal government after a federally declared disaster. Disaster assistance to individuals is generally in the form of a family grant or loan that must be paid back by the recipient. In the event of a federally-declared disaster, property owners in a non-participating community will not be eligible for federal disaster assistance if the community's high flood risk areas have been identified for at least a year. When lending on secured improved real property in an SFHA in a non-participating community, lending institutions must notify the borrower of the unavailability of disaster assistance in the event of a disaster caused by a flood.
|