Flood damaged business owners may be getting more federal funding - KWWL - Eastern Iowa Breaking News, Weather, Closings

Flood damaged business owners may be getting more federal funding

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CEDAR RAPIDS (KWWL)--More federal funding may be coming to owners of flood-damaged businesses in Iowa.

This comes after the Department of Housing and Urban Development decided to stop subtracting the total amounts of private loans taken out by businesses from HUD Disaster Awards.

Around $85 million in federal funds that were given to flooded businesses remains unspent.

 

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