New loan program gives hope to flood victims


IT CAME QUICK, HARD, AND FAST.>>RICH CASSIDY SAYS JULY 12 WHEN THE FOX RIVER POURED INTO HIS BURLINGTON HOUSE AND YARD –>>IT WAS UP TO THE WINDOWSILLS ALL THE WAY THROUGH.>>HIS LIFE SUDDENLY WASHED AWAY. NEW WASHER, NEW DRYER, NEW FURNACE, NEW AIR CONDITIONER NEW WATER SOFTENER, NEW ELECTRIC STUFF.>>AND THEIR LIFE SAVINGS QUICKLY WENT DOWN THE DRAIN.>>WE ESTIMATE ABOUT $70,000 IN LOSS. ANOTHER TO PUT IT BACK TOGETHER. 30,000 40,000 WITH NO FLOOD INSURANCE, WE TOOK THE BRUNT END OF THIS AND NO FEMA HELP, NO HELP.>>THEY A STILL DEALING WITH DEBRIS. WE HAVE A DOOR ON THE CURB, CARPET, AND THIS COUPLE HOPING THE FINANCIAL HELP WILL GET THEM BACK ON THEIR FEET.>>STARTING TODAY, THE U.S. SMALL BUSINESS ASSOCIATION IS OFFERING FLOOD VICTIMS, IN RACINE, KENOSHA AND WALWOR COUNTY’S LOW INTEREST LOANS, 2% TO 3% FOR UP TO 30 YEARS, BUT IT MUST BE PAID BACK. HOMEOWNERS LIKE THE CASSIDY’S COULD BORROW UP TO $200,000 BUT THEY’RE NOT SURE IT’S THE RIGHT DEAL FOR THEM.>>WE WANT TO SEE WHAT IT IS ABOUT. HE SAYS THIS IS THE HOME THEY GOT MARRIED IN AND LOVE.>>IT’S HOME.

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