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Tuesday, August 29, 2017

Pam and Russ Martens — Financial Relief Available to Texas Victims of Hurricane Harvey

According to insurance experts, approximately 80 percent of the homeowners impacted by flooding in Houston may not have flood insurance policies on their home. That’s because much of Houston falls outside of designated Special Flood Hazard Zones where mortgage holders are required to maintain flood insurance policies.
Hoping to relieve some of the panic by homeowners rescued from water-logged homes in Texas who have no idea when they may be able to return to their home or where the money will come from to restore the home to livability, the Federal Emergency Management Agency (FEMA) has released a fact sheet on what types of disaster assistance it can make directly to individuals along with specifics on how to apply.
The fact sheet makes clear that not all individuals are being guaranteed each form of assistance. It notes that the assistance “can include as required” the following....
Wall Street On Parade

6 comments:

  1. Amazing how well run the city is. Only a couple waterways remain flooded, the freeways are cleaned up and opening this afternoon. All the gas stations are stocked, open, ready to go. Maintenance, Emergency crews, Fuel Trucks, everything was pre-staged in each precinct within the county. There were more rescuers than victims in the last day and a half. Grocery stores mostly reopened with full shelves again today. Electricity never went out for nearly everyone. Water and sewer never stopped. Only a few people died. Areas flooded by the Army Corp were inundated with rescue boats, high water vehicles and then buses ready to haul everybody to shelters and hotels. Given the magnitude of disaster and scale of flooding, It's pretty well handled.

    People that need clean up houses have the FEMA centers to get help and guidance. The poor have shelters to lay their heads and get help.

    My only complaint would be that the Feds haven't built flood control dams on 2 or 3 creeks on the outskirts of the region. The 1935 floods were much worse, and those spurred Washington to buy land and build dams.

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  2. Boy Ryan you would never think that up here watching the cable news...

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  3. They keep talking about the Addicks Dam ... looks to me like a golf course flooded in a high end neighborhood... I can see the greens peeking up over the water line...

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    1. Matt, the golf course is in the reservoir. The neighborhood adjacent is definitely not upscale, although there are some pretty nice neighborhoods adjacent to other parts of the reservoir.

      Houses in the neighborhood adjacent the golf course are generally in the $100,000 to $185,000 range.

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  4. Watch the poor neighborhoods get razed and redeveloped as upscale housing by developers using low-interest SBA loans and other sources of emergency funding.

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