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97.030
To provide loans subject to congressional loan authority to any local government that has suffered substantial loss of revenues in an area designated in a Stafford Act major disaster declaration in order to assist communities affected by an incident to perform its governmental functions. The local government must demonstrate a need for financial assistance and the funds can only be used to maintain existing functions of a municipal operating character or expand functions to meet disaster-related needs.
This chart shows obligations for the program by fiscal year. All data for this chart was provided by the
administering agency and sourced from SAM.gov, USASpending.gov, and Treasury.gov.
For more information on each of these data sources, please see the
About the data page.
Complete pre-population of cancellation qualification analysis for 51 active loans in the State of New Jersey (DR-4086).
Coordinate intake appointments with 51 DR-4086-NJ loan applicants to obtain financial data for loan cancellation qualification analysis.
Activated CDL Program for major disaster declarations, per State requests received.
Issued cancellation determinations for:
1 DR-4030-PA (determination date 12/2015)
Completed pre-population of cancellation qualification analysis for 51 active loans in the State of New Jersey (DR-4086).
Performed intakes with 51 DR-4086-NJ loan applicants where we obtained financial data for loan cancellation qualification analysis and clarified accounting lines in applicant’s financial files.
Activated CDL Program for major disaster declarations, per State requests received.
Issued CDL cancellation determinations for:
1 DR-4030-PA (determination date 12/2015)
Maintenance of 70 active CDLs.
Issued 2 new loans.
Activated Program for DR-4241-SC.
Worked on loan applications for active disasters: DR-4273-WV, DR-4263-LA, DR-4277-LA, and DR-4286-SC. Performed 28 loan presentations and application interviews. Calling outreach to over 330 communities within declared disaster zones in 3 states. Completed cancellation analysis and determinations for: 2 DR-1972-MS loans (2017.01.09 Tunica County; 2017.01.24 Wilkinson County), 1 DR-1980-MO loan, 34 DR-4086-NJ loans (out of 51 active loans) – applicants following FY16, 17 DR-4086-NJ loans (out of 51 active loans) – applicants following FY17. Closed 9 inactive loans. Collected 1 delinquent loan for American Samoa. Issued 9 new loans.
Review the following loans for cancellation qualification: 4174AR01 4145CO01 4184IA01, 4184IA02 4175MS01, 4175MS02, 4175MS03, & 4183NE01. Issued 105 new loans; 78 for DR- 4339 in PR, 20 for DR- 4332 in TX, 4 for DR- 4335 in USVI (2 modifications each), and 3 for DR- 4334 in IA. Issued cancellation determinations for roughly 26 loans for DR- 4086 in NJ, including numerous time extensions for loan repayment. Performed over 150 intake meetings with various potential Applicants in USVI, IA, PR, TX, and FL. Performed outreach to over an additional 130 communities within declared disaster zones.
In FY2018 FEMA ended up issuing 91 loans for obligation total of $622,420,310. During FY2019, FEMA performed maintenance of those 91 loans [DR4332TX, DR4334IA, DR4335VI, DR4339PR] plus issued 10 loans for obligation totals of $35,348,934 [DR4332TX and 4339PR]. We also reviewed over 34 DR4086NJ loans for cancellation qualification and issued cancellation determinations for roughly 11 loans [DR4086NJ, DR4175MS, DR4183NE and 4184IA] including numerous time extensions for loan repayment. Performed over 60 intake meetings with various potential Applicants in CA, IA, PR, TX, and FL. Performed outreach to over an additional 45 communities within declared disaster zones.
Provided 20 loans in FY2021 totaling $151,403,452 to 20 communities thereby enabling them to continue vital governmental services post-disaster. Completed design, development and implementation of P.L. 117-43, in October of 2021, to execute Congressional mandate of cancelling repayments of the outstanding balances as of September 30, 2021 for eligible loans.
Single Audit Applies (2 CFR Part 200 Subpart F):
For additional information on single audit requirements for this program, review the current Compliance Supplement.
OMB is working with the U.S. Government Accountability Office (GAO) and agency offices of inspectors general to include links to relevant oversight reports. This section will be updated once this information is made available.
