Disaster Aid For Colorado Flooding Surpasses $267M

February 24, 2014

Since heavy rains brought flooding in September 2013, Colorado survivors have received more than $267 million in federal and state recovery assistance, according to the Federal Emergency Management Agency.

More than $219 million has come from disaster grants, flood insurance payments and low-interest disaster loans. More than $48 million has been obligated through the Federal Emergency Management Agency’s Public Assistance program, FEMA said.

To date FEMA said it has granted $55 million for housing assistance and more than $4.7 million in other needs assistance, such as disaster-related medical expenses or personal property loss in 11 designated counties. As part of the other needs assistance program, the state is funding another $1.6 million. Flood survivors have also received disaster unemployment assistance and disaster legal services, according to FEMA.

FEMA said it has obligated more than $48 million to publicly owned entities and certain nonprofits in 18 designated counties.

The U.S. Small Business Administration has approved $97.6 million in federal disaster loans to Colorado homeowners, renters, businesses and private nonprofit organizations that sustained damage from the severe storms and flooding, according to FEMA.

The National Flood Insurance Program has approved $62.3 million to settle 2,015 claims, and FEMA said it is providing manufactured housing units for 44 households who have no other suitable housing available.

Roughly 48 percent of all permanent repair work submitted to FEMA and the state’s Public Assistance program contains mitigation measures to prevent future flood damage, and nearly 70 percent of large projects or those with a cost estimate of more than $67,500 contain these mitigation measures.

Topics Flood Colorado

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Insurance Journal Magazine February 24, 2014
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