There’s a new pot of money for Nashville’s flood victims, meant to help pay for rebuilding when federal assistance is not enough.
The public-private partnership called “We Are Home” is starting out with 7 million dollars. Regions Bank contributed a million and the Community Foundation has given 900,000; the rest of the money so far is from Metro Government. Ultimately, organizers hope to find 50 million dollars using federal grants and more private donations.
Assistance will be offered to homeowners in the form of low interest loans, grants and, in the most dire cases, a loan that is only due for repayment when the property in question is sold. We Are Home will begin meeting with homeowners next week.
We Are Home is intended to fill in the gaps that remain after help from federal agencies like the Small Business Administration. So far, the SBA has approved nearly 102 million dollars in disaster loans for Tennesseans. The deadline to apply for help from the SBA and the Federal Emergency Management Agency has been extended to August 5.
You can contact We Are Home at (615) 862-6523 to apply for assistance.