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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.”

More information from FEMA

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.