Oklahoma City, OK – Gov. Brad Henry today requested a U.S. Small Business Administration (SBA) disaster declaration for Oklahoma County to assist those impacted by severe storms and flash floods that occurred July 6-12.
The Governor's request comes on the heels of yesterday's decision by FEMA to deny Individual Assistance for Oklahoma County residents. Emergency management officials identified 226 homes and businesses damaged by the floodwaters, many of which were in south Oklahoma City, and only about two percent of the structures were insured through the National Flood Insurance Program. Flood damage is not covered by homeowners insurance.
The Governor's latest request would deliver SBA low-interest disaster loans for renters, homeowners and business owners to repair or replace any property damaged by the flooding which was not covered by insurance or other assistance programs. The loan program would also be available to assist businesses that sustained economic injury due to the severe weather. If the request is approved, under SBA rules the assistance would also be available in counties contiguous to Oklahoma County.
"The SBA low-interest loan program won't address all of the needs of flood victims, but it can provide some much-needed assistance as they rebuild and recover," said Gov. Henry. "We felt we deserved a more comprehensive disaster declaration, but we will do the best we can by seeking assistance through the SBA."