Runyan Announces FEMA Community Disaster Loans for Toms River Township and Toms River Fire District
WASHINGTON, D.C. – Yesterday, the Federal Emergency Management Agency (FEMA) announced they have awarded Toms River Township $5M in Community Disaster Loans, and $1.5M to the Toms River Fire District. The low-interest loan program helps eligible jurisdictions that have suffered substantial revenue losses from a major disaster to perform their governmental functions.
“Community Disaster Loans are based on need to bridge the revenue gap so local governments are able to continue to operate after a disaster,” said FEMA Federal Coordinating Officer Gracia Szczech. “Loans are for local government operating expenses such as salaries of police, firefighters and teachers while the community recovers.”
“I am pleased that FEMA has awarded these funds to the Toms River Township and Toms River Fire District,” said Congressman Runyan. “Toms River suffered catastrophic damage during Hurricane Sandy and this money is critical to helping the town get back on its feet. Our police officers, teachers, and first responders deserve all the help that we can give them while they continue to lead Toms River families through this recovery.”
In response to Superstorm Sandy, Congress allocated additional funds to the Disaster Assistance Direct Loan Program Account. At the request of Gov. Chris Christie, FEMA activated the program in New Jersey.