Governor Cooper successfully requested a grant for disaster relief from the U.S. Small Business Administration. The secured funds will go to help those whose homes were damaged after a 5.1 magnitude earthquake struck Alleghany County earlier in August, WNCT reports.
According to reports, more than 500 structures were affected by the earthquake. Per the SBA, 43 of the buildings suffered “heavy damage,” including 38 homes and 5 businesses.
The declaration opens the door for low-interest loans to help residents and business owners rebuild. The North Carolina counties included are Alleghany, the center of the earthquake, along with Ashe, Surry and Wilkes, WNCT reports.
The loans are worth up to $200,000 for homeowners and up to $2 million for businesses to repair damage.