Governor Wolf Announces Federal Recovery Funds for Philadelphia Apartment Fire Victims
January 15, 2019
Harrisburg, PA – Governor Tom Wolf today announced that the U.S. Small Business Administration (SBA) approved his request to declare a disaster in the City of Philadelphia after a devastating fire ripped through a large apartment building containing over 50 individual apartments on Dec. 10, 2018.
“Standing by while your home, possessions, and memories go up in flames must be one of the worst feelings of helplessness there is,” said Governor Wolf. “Unfortunately, and all-too-often, we’ve seen just how difficult the recovery process can be for our fellow Pennsylvanians. We want families to know they have a financial lifeline available to them if they need it.”
Homeowners, renters and businesses impacted by the fire at Overbrook Gardens apartments in Philadelphia, as well as neighboring counties Bucks, Delaware and Montgomery may be eligible for low-interest disaster loans through the SBA Disaster Loan Programs.
Low-interest loans of up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. SBA regulations permit loans up to $40,000 to repair or replace personal property. Businesses and nonprofits can borrow up to $2 million to restore damaged or destroyed buildings, inventory, equipment and assets. Loan amounts and terms are set by the SBA and are based on each applicant’s financial qualifications.
The SBA will establish a Disaster Loan Outreach Center (DLOC) to assist anyone who wishes to apply for a loan. The DLOC will be open at the following location and times:
446 N. 65th Street
Philadelphia, PA 19151
Open: Thursday, January 17: 12 p.m. – 7 p.m.
Friday, January 18: 10 a.m. – 5 p.m.
Saturday, January 19: 10 a.m. – 1 p.m.
Closed: Sunday-Monday, January 20 & 21
Open: Tuesday, January 22: 11 a.m. – 7 p.m.
Wednesday, January 23: 10 a.m. – 6 p.m.
Thursday, January 24: 11 a.m. – 7 p.m.
Closed: Thursday, January 25: 10 a.m. – 4 p.m.
SBA customer service representatives will be on hand at the disaster loan outreach center to issue loan applications, answer questions about the disaster loan program, explain the application process and help individuals to complete their applications.
Individuals and businesses unable to visit the centers in person may obtain information and loan applications by calling the SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the hearing impaired), or by e-mailing firstname.lastname@example.org.
Loan applications can also be downloaded at www.sba.gov/disaster. Applicants may apply online using the Electronic Loan Application (ELA) via the SBA’s secure website at https://disasterloan.sba.gov/ela. Completed applications should be returned to the local DLOC or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The filing deadline to return applications for physical property damage is March 15, 2019. The deadline to return economic injury disaster loan applications is Oct. 15, 2019.