As residents continue to deal with the aftermath of last week’s destructive storms, lawmakers are hoping to help those most affected.
Rhode Island House Rep. Patricia Serpa, a Democrat whose district includes Warwick and West Warwick, is pre-filing legislation to assist homeowners and businesses affected by the storms. One bill could provide a $500 tax credit to owners of storm-damaged property.
Another bill would set up a loan program, offering interest-free loans up to $5,000 for business owners. Those loans would be available to businesses with property damage, or those who lost business as a result of the storms.
The loans would be administered by the state and could be paid back over a five-year period.
Rep. Serpa serves on the on the House Small Business Committee and represents parts of Warwick and West Warwick, two areas hard hit by the weather.
Last Tuesday, the series of storms flung trees into homes, cars and other property, and cut electricity to thousands across the state.
Do you have insight or expertise on this topic? Please email us, we'd like to hear from you. firstname.lastname@example.org