FEMA OKs $247M+ in loans for 62 P.R. towns
The Federal Emergency Management Agency’s Community Disaster Loan program has approved more than $247 million for 62 municipalities throughout Puerto Rico, the agency announced.
As of Sept. 6, 11 municipalities were approved for loans as follows:
- Two municipalities for $5 million each: Guayama and Hatillo.
- Six municipalities for amounts of more than $3 million: Añasco, Camuy, Guayanilla, Naranjito, Santa Isabel and Vega Alta.
- Three municipalities for amounts of more than $2 million: Aibonito, Florida and Patillas.
These low-interest loans help municipalities continue providing essential services to their communities as they focus on long-term recovery from hurricanes Irma and María.
Loan applications are pending for additional municipalities to help with their essential functions, FEMA stated.