FEMA Approves Millions in Disaster Loans for Earthquake-Affected Municipalities

The Federal Emergency Management Agency (FEMA) announced the approval of nearly $90 million in low-interest Community Disaster Loans, known as CDLs, to assist the municipalities affected by the 2020 earthquakes in their long-term recovery.
Twenty-five municipalities in the south, center and west of the island benefitted from this federal assistance, which ended on June 30. All municipalities that applied for the loan and submitted the required documentation were approved.
“The earthquakes certainly transformed the economic landscape of many municipalities that were simultaneously dealing with the aftermath of Hurricane María. The loans serve as tools that, together with the support of the Government of Puerto Rico, help stabilize operations in the municipalities and reactivate local economies,” said Puerto Rico Federal Disaster Recovery Coordinator, José G. Baquero.

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