Government Lends to Rebuild in Flood Zones

by Al Shaw, ProPublica and Robert Lewis, WNYC. Updated March 6, 2013

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At least 10,500 home and business owners whose properties are in FEMA’s new advisory flood zones have been approved for an SBA disaster loan to rebuild from Sandy, according to a ProPublica and WNYC analysis of federal data. These loans are worth at least $766 million. And that figure could be much higher. FEMA has only released some of its preliminary flood map updates for the area. | Related story »