Feds Unlock Disaster Relief After New York Apartment Building Fire
Published Date: 12/19/2025
Notice
Summary
A big fire at the Cottage Avenue Apartment Building in Westchester, New York, has been declared a disaster. This means homeowners, businesses, and nonprofits in Westchester and nearby counties can apply for low-interest disaster loans to help fix damage or recover lost income. You’ve got until February 17, 2026, to apply for physical damage loans and until September 16, 2026, for economic injury loans—so don’t wait!
Analyzed Economic Effects
6 provisions identified: 5 benefits, 0 costs, 1 mixed.
Disaster loans available for Cottage Ave fire
Because of the Cottage Avenue Apartment Building fire (incident date November 23, 2025; declaration date December 16, 2025), homeowners, businesses, and nonprofit organizations in Westchester County and the listed contiguous counties can apply for low-interest disaster loans to repair damage or recover lost income. The counties named include Bronx, Nassau, Orange, Putnam, Rockland (New York), Fairfield (Connecticut), and Bergen (New Jersey).
EIDL (economic injury) application deadline
If your business suffered economic injury from the incident, you may apply for Economic Injury Disaster Loans (EIDL) through September 16, 2026. The EIDL declaration covers Connecticut, New Jersey, and New York.
Physical damage loan interest rates listed
The notice lists interest rates for physical damage disaster loans: homeowners with credit available elsewhere 5.750%, homeowners without credit available elsewhere 2.875%, businesses with credit available elsewhere 8.000%, businesses without credit available elsewhere 4.000%, and nonprofit organizations (with or without credit available elsewhere) 3.625%.
EIDL interest rates for businesses and nonprofits
For Economic Injury Disaster Loans, the notice lists rates for entities without credit available elsewhere: businesses and small agricultural cooperatives 4.000% and nonprofit organizations 3.625%. The EIDL declaration covers Connecticut, New Jersey, and New York.
Physical damage loan application deadline
If you need a loan for physical damage from the November 23, 2025 incident, you must apply by February 17, 2026. The declaration that allows these loans was issued on December 16, 2025.
How to apply and SBA contact info
You can apply online using the MySBA Loan Portal at https://lending.sba.gov or at other locally announced locations. For help, the SBA disaster assistance customer service center can be reached at 1-800-659-2955 or by email at [email protected].
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