3 Forms of natural disaster relief

by Cathy Roberts 04/15/2024

natural disaster relief person repairing residential roof

The United States Government offers natural disaster relief options for homeowners affected by natural disasters. Disaster assistance comes in a few different forms, including loans for home repairs, utility bills and property tax relief.

To help you learn more about the kind of financial assistance available after a major disaster, here is a short guide with the basics:

Disaster mortgage insurance

The Federal Housing Administration (FHA) offers a program for homeowners who need financial help buying a new home or repairing their existing home. As long as the home is your primary residence, you might be eligible for an insured mortgage through the FHA. 

These mortgages have zero down payments, but come with all the usual closing costs and prepaid costs of other mortgages.

Emergency help with utility bills & expenses

Even if your home does not sustain significant damage in a natural disaster, such scenarios can make it difficult to afford utility repairs and expenses. Disaster relief funding available through the Low Income Home Energy Assistance Program (LIHEAP) and can be used to pay your utility bills, reconnect utilities and repair or replace components like furnaces or air conditioners.

Disaster-related tax relief

Disaster situations may also come with tax relief. Both homeowners and businesses are eligible to file an amended tax return if they reside in a federally designated disaster area. The Internal Revenue Service also offers the option to file for an extension after a disaster. 

These are a few of the disaster assistance programs offered by the U.S. federal government. Other forms of disaster relief might be available through the Federal Emergency Management Agency (FEMA), and can help you recover financially from a wide variety of hazards.

About the Author

Cathy Roberts

Trusted Advisor, Friend, and Neighbor

With 20 years’ experience in real estate and mortgage lending, along with deep roots in Franklin County, Cathy is the real estate expert with both local knowledge and a global network at her finger tips. Cathy connects with her clients, actively and respectfully listening to what their needs are, and delivers results for them, time and again.

Cathy understands the complexity of the lending side of real estate transactions, and brings in-depth knowledge to both buyers and sellers. Cathy is also the recipient of the coveted 10 Best Real Estate Agent for Client Satisfaction two years in a row in Massachusetts.

Cathy covers Franklin and Hampshire counties in the Pioneer Valley of western Massachusetts. Whether you're in the research phase at the beginning of your real estate search or you know exactly what you're looking for, you'll benefit from having a real estate professional by your side. Cathy would be honored to put her real estate experience to work for you.