Inyo County Drought Impacted Residents and Businesses are
Eligible for Low Interest Loans and Grants
Inyo County residents and businesses are eligible for low interest loans and grants as a result of the Inyo
County Board of Supervisors approving Resolution 2014-09 Proclaiming a Local Drought Emergency.
As part of its proclamation of a local drought emergency, the Board of Supervisors requested State
assistance to offset the effects of severe drought conditions that exist throughout Inyo County. Counties
throughout California have joined Inyo in proclaiming local drought emergencies and, as a result of these
proclamations, the U.S. Secretary of Agriculture has designated California as an ”agricultural disaster” area.
As a result of this designation, 54 different California counties have now become eligible for SBA Economic
Injury Disaster Loans or Rural Repair and Rehabilitation Loans and Grants.
SBA Economic Injury Disaster Loans
The SBA Economic Injury Disaster Loans offset economic losses because of reduced revenues caused by the
drought that began January 14, 2014. The eligibility for these loans is based on the financial impact of the
disaster only and not on any actual property damage. These loans have an interest rate of 4% for businesses
and 2.65% for private non-profit organizations, a maximum term of 30 years, and are available to small
businesses and most private, non-profits without the financial ability to offset the adverse impact without
hardship. The deadline to apply for these loans is September 15, 2014.
Applicants may apply online using the Electronic Loan Application via SBA’s secure web site at
Disaster loan information and application forms are also available from SBA’s Customer Service Center by
calling (800) 659-2955 or emailing [email protected]. Individuals who are deaf or hard-ofhearing
may call (800) 877-8339. For more information about SBA’s disaster assistance programs, visit
USDA Rural Repair and Rehabilitation Loans and Grants
The Rural Repair and Rehabilitation Loan and Grant program is for very low-income homeowners to repair,
improve, or modernize their dwellings or to remove health and safety hazards. More specifically, due to the
drought, some Inyo County homeowners with shallow wells may need to drill a new well to access clean
potable water, but do not have the funds available to have this done. To be eligible, the homeowneroccupant
must be unable to obtain affordable credit elsewhere and must have very low income, defined as
below 50 percent of the area median income. They must need to make repairs and improvements to make
the dwelling more safe and sanitary or to remove health and safety hazards. Loans of up to $20,000 are
available to eligible applicants at 1% interest for up to 20 years. Grants of up to $7,500 are also available
KEVIN D. CARUNCHIO
County Administrative Officer
TEL: (760) 878-0292
FAX: (760) 878-0465
E-mail: [email protected]
COUNTY OF INYO
P. O. Drawer N
INDEPENDENCE, CALIFORNIA 93526
For Additional Information Contact:
Assistant to the County Administrator
but only to homeowners who are 62 years old or older and cannot repay a Section 504 loan. Loans and
grants can be combined for up to $27,500 in assistance.
For income and property eligibility visit the USDA eligibility site at
http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do or visit the USDA website at
Applications and information on the Rural Repair and Rehabilitations Loans and Grant programs is also
available by calling the USDA customer service at (559) 734-8732 or emailing [email protected].
For more information please contact the Inyo County Administrator’s office at (760) 878-0292 or visit the
following Inyo County Agriculture webpage for more Inyo County Drought Assistance information