Money Matters Episode 173- Financial Recovery after Hurricane Harvey

The brutal storm that pummeled the Houston and Gulf Coast area is likely to rank as one of the nation's costliest natural disasters, with tens of billions in lost economic activity and property damage across a region crucial to the energy, chemical and shipping industries. On today's show we talked about the Macro and Micro economic impact of Hurricane Harvey. We looked at expected cost at a national level. We also examined the possibility of FEMA buying out homes flooded by Harvey.  Houston Money Week has compiled a list of resources available through our partner organizations for disaster recovery after Harvey. We discussed some of the initial rejections on FEMA claims and how to get help if you are undocumented.  To learn more about Houston Money Week visit: www.Houstonmoneyweek.org Resources mentioned on the show: The U.S. Small Business Administration has monetary distribution efforts to assist your clients and residents in Harris and surrounding counties. Taking out a loan may not be ideal for everyone, but at least immediate needs can be addressed for those who qualify. SBA Office of Disaster Assistance (ODA) will also be organizing Disaster Recovery Centers and Business Recovery Centers. (Coming Soon)   Red Cross (800) 733-2767 www.redcross.org/Disaster-Relief/Hurricane   FEMA, Apply for Disaster Assistance https://www.fema.gov/apply-assistance   FEMA, Next Steps following Registration https://www.fema.gov/faq-details/Next-steps-after-registering-for-Disaster-Assistance-1370032123676   Houston Hispanic Forum's Hurricane Harvey - Disaster Recovery Guide  From our work, we were able to connect and gather information from so many organizations focusing on disaster relief. Our team created a compact and comprehensive recovery guide making it easy for our families to read in a time of distress. The Disaster Recovery Guide is a summary of immediate and long-term disaster recovery resources available in the greater Houston area. The brochure includes the link to the City of Houston's full resource guide.   Consumer Financial Protection Bureau's Hurricane Harvey Financial Toolkit When a catastrophe like Hurricane Harvey happens, your world can be turned upside down. During these tough times, it may be difficult to know who to trust and where to look for guidance and assistance, as well as what financial steps to take as you begin recovering. Once you have addressed your urgent needs, we have five steps you can take to help you secure your home and finances. https://www.consumerfinance.gov/about-us/blog/after-hurricane-harvey-financial-toolkit/?utm_source=newsletter&utm_medium=email&utm_campaign=emergency2017&utm_term=20170905 Personal Finance Cheat Sheet Article: http://www.cheatsheet.com/personal-finance/how-schools-can-improve-their-personal-finance-education.html/ Financial Advisor Magazine Articles: http://www.fa-mag.com/news/advisors-stay-the-course-amid-monday-s-market-drop-22864.html?section=3  http://www.fa-mag.com/news/on-it-s-80th-anniversaryadvisors-consider-social-security-s-impactfuture-22784.html?section=3 You can listen live by going to www.kpft.org and clicking on the HD3 tab. You can also listen to this episode and others by podcast at: http://directory.libsyn.com/shows/view/id/moneymatters or www.moneymatterspodcast.com #KPFTHOUSTON #HoustonMoneyWK