Flooded communities available for federal loans

Flooded communities available for federal loans

BATON ROUGE, LA (WVUE) - Governor John Bel Edwards announced local governments impacted by floods and severe storms that happened March 8 - April 8, 2016 are eligible for federal loans, if they experienced revenue shortfalls.

FEMA's Community Disaster Loan Program (CDLP) provides loans of up to $5 million for communities that lost more than 5 percent of tax revenue due to the flooding.

"The success of Louisiana depends on the success of local municipalities across our state," said Gov. Edwards. "We are fortunate to have local leaders on the ground who demonstrated strong governance in the face of the March flooding. Their partnership and tireless dedication to rebuilding flood-affected communities has been critical during this ongoing recovery process. The Community Disaster Loan Program that now applies to both the March and August flooding can go a long way toward helping our schools, first responders and local governments continue the rebuilding effort."

The state says the lost revenue assistance would help:
•    City and parish governments
•    School districts
•    Fire and law enforcement districts
•    Sewer and water districts

Now, local government entities in the following parishes impacted by the March flooding are eligible to apply: Allen, Ascension, Avoyelles, Beauregard, Bienville, Bossier, Caddo, Calcasieu, Caldwell, Catahoula, Claiborne, De Soto, East Carroll, Franklin, Grant, Jackson, La Salle, Lafourche, Lincoln, Livingston, Madison, Morehouse, Natchitoches, Ouachita, Rapides, Red River, Richland, Sabine, St. Helena, St. Tammany, Tangipahoa, Union, Vernon, Washington, Webster, West Carroll and Winn.

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