Federal Funding is now Available to those who Lost Their Home in - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

Federal Funding is now Available to those who Lost Their Home in the Fritch Wildfire

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Fritch, TX - The Small Business Administration is offering disaster loans that are low interest and long term to those who lost their home in the Fritch Wildfire. 

SBA spokesman, Gary Colton says although no one really wants to take on a loan, they are helpful to those who want to rebuild. 

"A homeowner can borrow up to $200,000 for rebuilding their home," said Colton. 

They can also borrow an additional $40,000 to replace personal property. 

"They can use it for furniture, appliances, clothing, and even a personal automobile," said Colton.

But for Michael Fortuna who lost his home, he is weighing in his options of staying or leaving Fritch. 

"We weren't sure what we were going to do. We had options, we had plans and we talked about different places that we might want to go," said Fortuna. 

"They can use that eligibility to move to a different location, some will want to relocate," said Colton. 

While some residents are thinking about leaving, many say they would like to stay and rebuild. 

"We're just looking for anything that can kind of keep us here in this community," said Fortuna. 

And other residents, like Kathy Fauske is hoping more people will stay. 

"It's been kind of lacking lately. So, I want the community to be stronger," said Fauske.