In response to Hurricane Sandy, AAFE has initiated two emergency loan programs to help homeowners and small businesses throughout the five boroughs :
1) The Renaissance Economic Development Corporation will be offering an emergency loan fund up to $30,000 with 4% interest rate loans to affected small businesses in all 5 boroughs of NYC and special relief at 3% interest rate to businesses located south of 40th Street. Renaissance will provide expedited processing to ensure timely impact relief. Download more information here.
2) AAFE Community Development Fund will be offering Emergency Repair Loan for Homeowners up to $20,000 with 4% interest rate; 3% interest rate for Seniors and Disabled or repairs conducted by certified green specialist. Download more information here.
Please feel free to distribute and forward these programs information to your clients and constituents.