Disaster Assistance Forum for Flood Victims


Last night I had the opportunity to take part in the Disaster Assistance Forum hosted by US

Senator Lindsey Graham’s office. This purpose of this forum was to make sure that flood victims

are aware of the resources available to them. Below is some valuable information regarding

assistance through FEMA as well as other federal and state agencies. Please feel free to share

this information with anyone you know that was affected by the recent flood.


Federal Emergency Management Agency (FEMA)

SC Department of Insurance

Small Business Administration (SBA)

SC Department of Employment and Workforce

SC Emergency Management Division


1-800-621-3362 (FEMA)


FEMA currently has 1000 workers on the ground ready to assist those impacted by the recent

flooding. Their goal is to help people in need of assistance with the registration process. There

are 13 Disaster Recovery Centers throughout the state of SC. 46,000 people have already

registered and approximately $21,000,000 has already been given. FEMA has the ability to

grant up to $33,000 per homeowner based on the damages sustained. Everyone needs to

register as soon as possible even if you think you might have damage as a result of the flood.

Applications will only be accepted 60 days after the date of the declaration meaning that the

deadline to register is December 5, 2015. Should you receive a denial letter, contact FEMA at

1-800-621-3362 to determine the reason for the denial and what additional information may be

needed to obtain approval for assistance. If you have flood insurance you will likely receive a

denial due to FEMA not being able to duplicate coverage. Therefore you will need to contact

FEMA and find out what additional information they need to help fund damages that may not be

covered by your flood policy (Ex. Contents / additional living expenses, etc.).




The SC Department of Insurance Director Ray Farmer was present at the forum. He stated that

580 additional adjusters have been permitted to handle losses in SC to help speed up the

claims process. Insurance carriers have been notified by the Department to allow a 30 day

grace period on premium payments for those living in areas impacted by the recent floods. Only

one deductible will apply as this event will not be deemed a named storm. Should you have

additional questions, please contact the SC Department of Insurance.




The Small Business Administration was on hand to offer information abut the different types of

disaster loans they have available. Those impacted by the storm may be eligible for home /

personal property, business physical damage, economic injury, and military reservists economic

injury loans. Homeowners can obtain up to $200,000 with interest rates as low as 1.38% and

terms up to 30 years. The initial loan repayment can even be delayed several months to help

homeowners get back on their feet. Up to $40,000 can be borrowed on contents and

automobiles. Renters are also eligible for these loans. Businesses can borrow up to $2,000,000

to help repair/replace the structure, fixtures, etc.. Economic Injury loans up to $2,000,000 can

be obtained with interest rates as low as 4%. This loan can help to provide working capital

during the disaster recovery process. There are no prepayment penalties on any of these loans.

You may also apply and obtain these loans before any insurance coverage determination or

payment is available. If your loss is covered you can then pay back the loan with no prepayment

penalty. People are encouraged to apply even if they are not sure they will need these additional

funds. There is no requirement to take the available loan should you find that it’s not needed.

Applicants should first apply with FEMA to obtain a registration number as that number will be

needed for the SBA disaster loan application. SBA staff is available at each of the 13 available

Disaster Recovery Centers.



1-888-834-5890 (Questions)


The SC Department of Employment and Workforce has assistance programs set up to help

people who have lost their job or income as a result of the recent flooding. Business owners

who lost income, self employed /1099 contractors may also be eligible for assistance. You must

file an unemployment claim with reason for loss being a disaster. Those claims will then be

flagged and handled accordingly. There will be no impact on next year tax rates for those who

file a claim. New tax deadlines may be given but with interest being applied. For additional

information, contact them at the questions number above.


(803) 737-8501


The SC Emergency Management Division coordinates with all emergency responders

throughout the disaster recovery process. This division was activated On October 1, 2015 at

2am. All involved agencies in SC including FEMA coordinate at their facility. In SC there are

currently 197 roads closed, 84 bridges out and 217 people in shelters. Approximately 60,000

people have been affected by the flood. The SC Emergency Management Division has

established joint field offices with FEMA. 20 counties have been declared disaster areas. For

more information on what counties were declared disaster areas go to scemd.org. Links to other

agencies or also listed on their website.



(803) 765-5592


There are several programs available through HUD to help disaster victims in need of

purchasing, refinancing or rebuilding as a result of a major disaster. Some of the programs

available or listed below.

203(b) Program

To provide mortgage insurance for a person to purchase or refinance a principal residence. The

mortgage loan is funded by a lending institution, such as a mortgage company, bank, savings

and loan association and the mortgage is insured by HUD.

203(k) Rehab Mortgage Insurance

Section 203(k) insurance enables homebuyers and homeowners to finance both the purchase

(or refinancing) of a house and the cost of its rehabilitation through a single mortgage or to

finance the rehabilitation of their existing home.

203(h) Mortgage Insurance for Disaster Victims

The Section 203(h) program allows the Federal Housing Administration (FHA) to insure

mortgages made by qualified lenders to victims of a major disaster who have lost their homes

and are in the process of rebuilding or buying another home.

Please contact HUD by phone or go online to their website for more information about these

available programs.

IRS NOTE: Those affected by the flooding can file an amendment on their 2014 tax return for

losses not covered by FEMA or flood insurance. Please let a tax professional assist with this



Posted on: October 20th, 2015 at 9:32pm by dtheodore. Filed under: Uncategorized

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