Shakopee
Flood-hit residents can seek loans
Shakopee residents hit by the June floods could be eligible for loans.
There's a meeting today to provide more information.
State loans of up to $70,000 are offered through the Minnesota Housing Finance Agency and the Center for Energy and Environment.
They're for improvements that return the home to roughly pre-disaster conditions.
The meeting is from 7 to 8 p.m. today at the Scott County Law Enforcement Center, 301 S. Fuller St., Shakopee.
There are two types of loans:
• Community Fix Up flood loans can provide up to $50,000 if you qualify with a credit rating. The interest rate is 3 percent.
• For those who do not qualify, or whose needs are greater, the Quick Start Disaster Recovery Program can provide up to $20,000 more.