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As you are well aware, the storms that hit over the weekend caused major damage to many businesses and homeowners across Illinois, resulting in 7 counties being declared state disaster areas by the Governor’s office. This clearly has caused a financial hardship to some of your residents and I wanted to make sure that your office was aware of the Disaster Recovery Loan Program that the Treasurer’s Office has available to help businesses and homeowners repair their property. The Disaster Recovery Loan Program provides low-interest loans to storm victims whose property has sustained weather-related damage.
Please see our press release below, as well as a link to our website where you can find out more information on the program. If you have any questions or would like to work with our office in reaching out to your community, please let me know.
http://www.treasurer.il.gov/programs/opportunity-illinois/consumer-loans/storm-victims.aspx
Eligibility requirements for the Disaster Recovery Program are:
- Own damaged property in an area declared a local, state or federal disaster area
- Secure a loan up to their damage amount with a participating lender
- File an application within 90 days or the state or federal disaster declaration
- Use the money for disaster recovery
For more information please visit the Opportunity Illinois Storm Assistance website at: http://www.treasurer.il.gov/programs/opportunity-illinois
or call 866-523-0641.
I would also encourage those affected by the flooding and other rain damage to contact the Greater Chicago Red Cross at 312-729-6100. The American Red Cross may be able to provide you with vouchers to cover emergency needs as well as basic cleaning supplies.
Other helpful links are as follows:
Illinois Division of Insurance
http://idfpr.com/DOI/General/FloodInformation.asp
Illinois Emergency Management Agency
http://www/iema.illinois.gov/
Ready Illinois
http://www.ready.illinois.gov
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