Loans for tornado zone OK'd

  • Article by: Star Tribune
  • Updated: July 7, 2011 - 9:16 PM

Twin Cities homeowners, renters and business owners affected by the May 22 tornado can now apply for low-interest federal loans. The U.S. Small Business Administration (SBA) made a disaster declaration for Hennepin County on Thursday and will set up a loan center in north Minneapolis next week.

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egeinwiJul. 7, 11 1:58 PM

Way to go Dayton. Taking money from another government entity not intended for this. It's just more free money!!! SPEND, SPEND, SPEND!!!!!! After all, it's not OUR money....it's for bozo's like you to dole at as you see fit. I knew you would be a failure, but even you have exceeded my expectations so far.

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evenmorejustJul. 7, 11 2:03 PM

I hope the loans are non-forgivable! Why do people renting need help? They should have had renters insurance! Homeowners do not need help as they had their own insurance right???

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freepressnowJul. 7, 11 2:27 PM

Why do you people who so obviously hate minneapolis and the people who live there come here and read the minneapolis paper every single day? Oh — that's right. You're podunk hillbillie suburb doesn't have a newspaper of its own. Not to mention the fact that your suburb likely wouldn't even exist if not for the city that made it possible… I pray that nothing like a tornado ever happens to you or yours.

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heyslackassJul. 7, 11 2:30 PM

This has nothing to do with Dayton this a Federal Program. But for those of you who don't live in the area here's what going on. The insurance companies have come in and because of the area or other factors have told people to lump it they have gave people unrealistic numbers on getting the most minor of work done. Some people in the area have no choice but to accept it. Other people working with quality bonded Lic contractors are in limbo waiting for the Insurance companies to come and re inspect the damage. Very little repair work has started in the area. I have no doubt that if this would have hit somewhere else it would have been a different story. Mean while water is getting in peoples homes from rain and destroying other parts of the house. The last time WE in Minnesota recieved this aid was under a Rep Gov. Did you complian then. The last time Minnesota received a disaster declaration from the SBA was in September for severe storms and flooding in Martin, Olmsted, Steele and Wabasha counties

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openminded2Jul. 7, 11 2:40 PM

Some people are heartless. But if it is all about economics it does not help communities or economics when banks become homeowners on large scales. Now if I was an under insured homeowner who paid more than their home will be worth again in their life time what would I do? Probably not take out another loan even if it is low interest.

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bernielomaxJul. 7, 11 2:43 PM

Turn on the money booth because one government official says yes while the others said no.

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craigbbopperJul. 7, 11 2:52 PM

Oh you holier-than-though bloggers. Don't help people who didn't get insurance! It's their own fault! Yes, perhaps so. So "government" shouldn't be helping the needy? That's the responsibility of...who? Your church? Does your church refuse aid to those who might have done better for themselves? That would be an interesting charitable orgnaization - one that refuses help to the needy because they're needy! So does your church give aid to those to don't need it? Interesting system - so YOU get to decide who deserves help, regardless of their plight? And for the other conservative whiner who worries that the SBA is giving away taxpayer dollars - the SBA doesn't even use taxpayer dollars! Banks provide the funds, not taxpayers. So that argument is shot to pieces. So this is what being a conservative is all about? Being inhumane to your fellow man (especially when not of the same complexion as you), and complaining about government intrusion when no such intrusion is happening - and all while basing your conclusions on faulty premises! Wow, if that's what being a conservative means these days, I say "no thanks."

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wndwmkrJul. 7, 11 2:53 PM

The old shell game at work - the legal way to buy votes with the taxpayers money. One more week of the state government shut down and Dayton will have a nervous breakdown. Dayton thinks he has a mandate to hold his groung - the clown only won by 10,000 votes folks!!

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mplsgirl999Jul. 7, 11 2:56 PM

Complain, complain, complain. First all the complaints that FEMA might come in and give free money. Okay, now the people could get a loan that has to be repaid so it's not free money and more complaints. Maybe a tornado can come and hit your house and neighborhood, would that make you quit complaining if you could get some free money or a loan???? Who cares if you can't live in your house but there'd be money for ya.

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angel123Jul. 7, 11 3:31 PM

I live in North Minneapolis, own our own home, pay our taxes and have homeowners insurance. My roof is approximately 8 years old, my 3rd time putting a new roof, and my insurance company denied my claim because they said it was not tornado damage. I live 2 blocks from where the tornado hit the worst, and yet they denied my claim. I tried twice, and the adjuster said it was not storm damage. My husband is retired, I am 65 in October, so I might have to continue working if I can get a loan. So there are circumstances beyond our control. So please don't be so cold-hearted. I hope a tornado never ever hits your home or near your home.

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