Page 28 - Disaster Loan Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Disaster recovery spending for major flood events in the United States is at an all-time high. Yet research examining equity in disaster assistance increasingly shows that recovery funding underserves vulnerable populations. Based on a review of academic and grey literature, this article synthesizes empirical knowledge of population disparities in access to flood disaster assistance and outcomes during disaster recovery. The results identify renters, low-income households, and racial and ethnic minorities as populations that most face barriers accessing federal assistance and experience advers...

Disaster response is uneven across the country.

<p><span>U.S. Secretary of the Treasury Janet L. Yellen and White House Office of Management and Budget (OMB) Acting Director Shalanda D. Young today released the final budget results for fiscal year (FY) 2021. The deficit in FY 2021 was $360 billion less than in the prior fiscal year, reflecting an improved economy due in part to the American Rescue Plan Act of 2021 (ARP) and COVID-19 vaccination rollout. The 2021 deficit was $897 billion less than forecast in the President&rsquo;s 2022 Budget and $342 billion less than estimated in the 2022 Mid-Session Review.&nbsp;</s...

GAO reviewed the Small Business Administration's (SBA) new rule entitled "Disaster Loan Program Changes." GAO found that the interim final rule...

May 1—Oahu residents and small businesses impacted by the severe storms, flooding and landslides in March are eligible for low-interest disaster loans via the U.S. Small Business Administration. Flash flooding and torrential rains that began March 8 and extended through March 18 impacted many families and businesses on the North Shore. Thirty-six homes and four businesses sustained extensive ...