FEMA approves over $247 million in loans for 62 Puerto Rico towns
SAN JUAN – The Federal Emergency Management Agency’s (FEMA) Community Disaster Loan program has approved more than $247 million for 62 municipalities throughout Puerto Rico.
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 over $3 million: Añasco, Camuy, Guayanilla, Naranjito, Santa Isabel and Vega Alta.
- Three municipalities for amounts over $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,” an agency news release reads. “Loan applications are pending for additional municipalities to help with their essential functions.”