Low and Moderate income households should never sign for any SBA Disaster Loan without consulting CDBG-DR
Homeowners often sign for SBA loans because it sounds like the best offer. For personal property replacement loans, yes, for home repair loans no. No if your household is 80% AMI or below which is low to moderate income. HUD CDBG-DR for home repair.
By Murray Wennerlund published 5-18-2022 updated 5-26-2022
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