Federal Assistance For Hurricane IAN reaches 5.5 Billion

More than $4.5 billion in federal grants, disaster loans and flood insurance payments have been provided to the state of Florida and to households affected by Hurricane Ian. The Federal Emergency Management Agency has provided more than $647 million in housing assistance, while the Small Business Administration has given out $1.68 billion in disaster loans and the National Flood Insurance Program has paid $2.29 billion in claims to survivors of the storm.
Support for Hurricane Ian Disaster Recovery Assistance
The Hurricane season of 2022 was one of the worst Florida has ever seen. Specifically, the damage to Southwest Florida has been catastrophic and will likely take years to recover. Congressman Byron Donalds is coordinating with “other Florida congressional delegation offices on a bicameral proposal to address both the 10% cap/itemized deduction components as well as providing Ian victims the same broader benefits as those from Hurricanes Harvey, Irma, and Maria.” While our area has been declared a Presidentially Declared Disaster area, the losses associated with Hurricane Ian are yet to be treated as “qualified disaster losses” which would result in a favorable tax treatment than what currently exists.

Please get in touch with your local representatives to let them know if you support this effort. For convenience, we have included links below so you can determine who your representative is.




Leave a Reply

Your email address will not be published. Required fields are marked *