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LINCROFT, N.J. -- The Federal Emergency Management Agency in partnership with the State of New Jersey has approved $174,023,761 in low-interest Community Disaster Loans for eligible jurisdictions. The program helps jurisdictions that have suffered substantial revenue losses from a major disaster to perform their governmental functions.
As of Aug. 15, FEMA has approved 60 loan requests. Community Disaster Loans help local governments and jurisdictions to carry on existing official functions or to expand such functions to meet disaster-related needs.
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