Federal Aid Programs For Massachusetts Disaster Recovery
It has been wet, very wet, here is Massachusetts. To the point that FEMA announced that federal disaster aid has been made available for the Commonwealth of Massachusetts. This is a significant resource for the state to help correct the damage of these major rain storms.
“The president's action makes federal funding available to affected individuals in Bristol, Essex,
Middlesex, Norfolk, Plymouth, Suffolk, and Worcester counties. Assistance can include grants for
temporary housing and home repairs, low-cost loans to cover uninsured property losses, and other
programs to help individuals and business owners recover from the effects of the disaster.”
Along with the federal aid programs available
This also could impact a buyer’s mortgage on a home in
the above counties mentioned. It may
require re-inspection by the appraiser or some other addition paperwork. So if your currently involved in a real
estate transaction be sure to address this issue with your lender or real
estate agents.