We don’t have the money to go out and borrow the money. We don’t have the means to pay that note back. There’s got to be some public assistance.
West, TX (PRWEB) June 13, 2013
The Washington Post reported Wednesday June 12th that the Associated Press obtained a letter stating that the Federal Emergency Management Agency is not going to provide West, Texas with the funds necessary to rebuild after April’s deadly fertilizer plant explosion that destroyed homes, roads, sewer lines, and a school.
The letter stated that the explosion “is not of the severity and magnitude that warrants a major disaster declaration.”
The damage caused by the explosion is expected to cost the town $57 million, including costs to repair roads, sewer lines and the school. The community is certain that it will not be able to afford the repairs without federal assistance.
Tommy Muska, the mayor of West, stated, “We don’t have the money to go out and borrow the money. We don’t have the means to pay that note back. There’s got to be some public assistance.”
Luckily for West residents, individuals will still receive emergency funds from the agency. On June 4th, FEMA released a statement saying that residents would have until June 18th to apply for assistance. The United States Small Business Administration will also accept applications for assistance with property damage through July 1st.
Residents who qualify for assistance but who do not have time to wait for a check to come before starting repairs are encouraged to apply for a Texas Car Title Loan. These loans are instant, and are secured by the title to the borrower’s vehicle.
Borrowers are eligible to receive up to $50,000 depending on the value of their vehicles, and loan repayment periods can span anywhere from two months to two years depending on the borrower’s financial situation. Borrowers also have the option of paying off the loan entirely once they receive FEMA assistance without being charged any hidden prepayment fees.
West residents who are eager for their lives to return to normal can apply online for a Texas Car Title Loan, or call the lender directly to learn more.