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Colusa County Looks To Help Flood Victims Get Low-Interest Loans

Capital Public Radio / File
 

Capital Public Radio / File

Colusa County says 78 homes and businesses were flooded in February. None of the owners had flood insurance.
 
But, the County has found a way to help people acquire affordable loans to help them rebuild.
 
Janice Bell, with the Colusa County Office of Emergency Services, says the Small Business Administration will set up an assistance center if enough people sign up for the program.

"Once we receive 25 homes or businesses in the affected areas that would sign up and had a 40-percent-or-more loss to their residence or business, then we would qualify for them to step in with those no-or-low-interest loans,” Bell says.
 
Bell says only eight people have signed up as of March 3.

If 17 more people don't sign up by March 18, no one will receive the loans.
 
Maxwell was the hardest-hit town in Colusa County, with damage estimated at $6 million.


Bob Moffitt

Sacramento Region Reporter

Bob is the Sacramento Region Reporter. He has been at the forefront of the coverage of the Sacramento Kings' saga and the effort to build a new arena in Sacramento. He also covers education, business, environment, and sports stories.   Read Full Bio 

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