Kerry/Landrieu Requesting Limit Increases on Disaster Loans

[kerrygoddess]

Kerry and Landrieu Send Letter to SBA Requesting Limit Increases on Disaster Loans
October 7th, 2005

Senators John Kerry and Mary Landrieu sent a letter late yesterday to the Small Business Administration requesting the agency to raise the limits on disaster loans for homeowners and renters (for primary residence and personal property).

The letter addressed to SBA Administor Hector Barreto cites that the existing $200,000 and $40,000 limits “are not nearly enough to replace the homes and property of many individuals in the Gulf Region.” The regulation on these loans was last raised in 1993. Kerry and Landrieu have requested that the “loan caps fairly reflect rising housing costs in the Gulf Region, account for 12 years of inflation and meet the scope of devastation on the Gulf Coast.” Kerry and Ladrieu asked for a response by October 14.

http://blog.thedemocraticdaily.com/?p=788

[ginnyinWI]

1. I'm really glad for this

Kerry gives added weight to Landrieu's request. Not that the repubs seem to care how their recent behavior makes them look.

What was all that about when * was saying, "whatever it takes, blah, blah, blah." Did he know that "his" Congress would make sure it didn't happen?