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PDF Editor FAQ

So many people in Houston did not live in flood plains, but their homes were destroyed. What will they do if they didn't have insurance?

Whether or not people of Houston live in a flood plain, their options for compensation following this catastrophic event will consist of two primary sources:FEMA (Federal) Disaster Assistance:Grants - FEMA’s maximum Individual Assistance Program (grant) stands currently at $33,000.Average payouts for Assistance Grants on recent disasters:Superstorm Sandy = $8,016. Hurricane Katrina = $7,114SBA backed Loans:SBA backed loans to qualified applicants at a lower than market rate of interest. The maximum loan amount limits:Home Loans $200,000 for Real Estate and$40,000 for Personal Property.Private FundingBorrow money from traditional lending institutions to repair/replace the damage.Pay for the loss out of their own pockets.The loss of property and life in Houston area is a tragedy only exacerbated with the lack of sufficient flood insurance coverage.Wait…. There's a third option.Us.Our friends in Texas could use a hand up..Hurricane Harvey : Charity Navigator

What's the historical precedent for FEMA cutting off support after disasters?

Honestly, it depends on the disaster and what FEMA programs were activated as part of the declaration. The president declared PR a disaster area, and by doing so he activated multiple FEMA programs for aid/funding. The big programs that were activated were the Individual Assistance Program (which gives monetary aid to survivors, but comes with a standard cap to the amount a household can receive), and the Public Assistance Program (which sends aid to town governments to help rebuild roads, public buildings, ect, and has a cost share associated with it). With that being said, New Orleans is still receiving aid from damage caused by Hurricane Katrina, and aid will not stop there until the State says they are no longer in need of the FEMA programs. The same goes with PR.

Apparently, most flood victims in Houston have no flood insurance, so how will tens of thousands of families ever recover from their losses?

The people of Houston and the surrounding area will have two primary means of recovery.Federal AssistancePrivate FundingOf course, there will be other organizations that will rise to the occasion and the state of Texas may step in as well, but the two primary sources will be:FEMA (Federal) Disaster Assistance:Grants - FEMA’s maximum Individual Assistance Program (grant) stands currently at $33,000.Average payouts for Assistance Grants on recent disasters:Superstorm Sandy = $8,016. Hurricane Katrina = $7,114SBA backed Loans - FEMA offers SBA backed loans to qualified applicants at a lower than market rate of interest. The maximum loan amount limits:Home Loans $200,000 for Real Estate and$40,000 for Personal Property.Private FundingBorrow money from traditional lending institutions to repair/replace the damage.Pay for the loss out of their own pockets.The loss of property and life in Houston area is a tragedy only exacerbated with the lack of sufficient flood insurance coverage.There is a third option.You and me.It’s pretty clear our friends in the Houston area are going to need our help as well.Hurricane Harvey : Charity NavigatorThanks for the A2A

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