November 30, 2018 Earthquake - Disaster Resources

November 30, 2018 Earthquake - Disaster Resources

Resources for Assistance from the State of Alaska, Federal Emergency Management Agency, and the Small Business Administration

 

State Individual Disaster Assistance

Private property owners should document damage using photographs or video, contact their insurance company, and begin the repair process.  Be sure to keep all receipts and other documentation connected to the repair.

***DEADLINE FOR APPLYING FOR ASSISTANCE***
FEBRUARY 28, 2019
State Individual Disaster Assistance Hotline:
1-855-445-7131 (8am - 8pm)
https://ready.alaska.gov

 

Federal Emergency Management Agency Assistance

FEMA representatives have opened a temporary office at the North Peninsula Recreation Center 55497 Poolside Avenue, Nikiski Alaska. Residents whose homes were affected by the 7.0 Cook Inlet earthquake of 11/30/18 are encouraged to apply for the Federal Individual Assistance program. You may also apply online at www.disasterassistance.gov

The deadline to apply for FEMA Individual Assistance is April 01, 2019. You must apply for Federal Individual Assistance even if you have already applied for State Individual Assistance.

The FEMA temporary office in Nikiski is now closed but residents may call the FEMA helpline at: 800-621-3362.

The major disaster declaration issued on Jan. 31, 2019 for the state of Alaska makes federal funding available to eligible affected individuals in the Municipality of Anchorage, Matanuska-Susitna Borough, and Kenai Peninsula Borough.

Assistance under the federal Individual Assistance (IA) program can include grants for temporary housing and home repairs, and other programs to help individuals recover from the effects of the disaster.

The application for federal assistance is separate from the state’s program. Individuals with disaster caused damages will need to complete a new application for federal assistance, even if they already applied for aid from the state or other agencies. While the programs are similar, some criteria and types of assistance are different, which necessitates a separate application.

 

Small Business Administration Assistance

The Small Business Administration (SBA) stands ready to assist Alaska Businesses and Residents affected by the Earthquake. Low-interest federal disaster loans are now available to Alaska businesses and residents as a result of President Trump's major disaster declaration.

Businesses of all sizes and private nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. SBA can also lend additional funds to businesses and homeowners to help with the cost of improvements to protect, prevent or minimize the same type of disaster damage from occurring in the future.

For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size, SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic injury assistance is available to businesses regardless of any property damage.

Disaster loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property.

Interest rates can be as low as 3.74 percent for businesses, 2.75 percent for private nonprofit organizations and 2 percent for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.

SBA Helpful Information:

SBA Press Release

Three Ways to Apply to SBA

SBA Disaster Loan - Fact Sheet

SBA Disaster Loans - Three Step Process

SBA Disaster Assistance Website