NORWALK, Conn. — The state of Connecticut has officially declared a December condominium fire that displaced dozens in Norwalk as a disaster, meaning that those affected will be eligible for low-interest disaster loans, according to the Hour.
A fire that broke out at the StoneWood Condominiums on Richards Avenue in Norwalk on Dec. 11 displaced all the residents of the complex's 54 units. No major injuries were reported, but dozens of people lost their possessions and were left homeless right before the holidays as a result of the fire.
The site has been declared an official state disaster, meaning that those who lost their homes and property can apply for loans with interest rates of 3.75 percent, according to the Hour. Those who cannot obtain credit at a reasonable rate anywhere else can get even lower rates, the Hour reported.
The loans are administered by the Small Business Administration, which has set up an office in Norwalk following the fire, according to the Hour. Only one person has applied for a loan so far, but applications will be accepted until March 5, the Hour reported.
People affected are eligible for up to $40,000 for personal property, and homeowners can receive up to $200,000 to replace or repair primary residences, according to the Hour. Business owners can be eligible for up to $2 million if their business was affected by the fire, according to the Hour.
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