COON VALLEY, Wis. (WXOW) – Governor Walker announced $4 million in state assistance loans in Coon Valley Friday morning. The governor said it’s meant to help those in small towns affected by late summer flooding.
The money will be split into $2 million chunks. One half is set for homeowners through the Wisconsin Housing and Economic Development Authority (WHEDA). The other half for small businesses will be handled through the Wisconsin Economic Development Corporation (WEDC).
No interest loans will be made available to home owners up to $10,000 and up to $15,000 for small businesses.
“It’ll really help small businesses and small towns and homeowners in many of the communities affected,” Walker said. “And this is on top of whatever we ultimately might be eligible under FEMA.”
If you own a home you’re encouraged to call 800-562-5546 to apply. Small businesses can log on to wedc.org/distasterrecovery.