Monday, September 24, 2018

FEMA approves over $247 million in loans for 62 Puerto Rico towns

By on September 11, 2018

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.

In April and May, FEMA announced 20 municipalities that were the first to be approved for loans. These were followed by 31 additional municipalities approved in June and July.

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.”

 

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