New Metro Program - "We are Home"
Metro Nashville has announced new Flood Rebuilding Program. The program is called "We are Home" and is being administered by a non-profit called The Home Fund. It provides loans and grants, based on need. This program is separate from FEMA, but you must have applied for FEMA aid in order to qualify. If you are interested in learning more, call 615-862-6523. If no one answers, leave a message.
Update on Flood Buyout
If you are eligible for the buyout, you should receive a letter in the mail. At this time, only 305 properties in the Nashville area are eligible. Initial letters were mailed today. Read more here.
Click here for a map of the buyout area. Note that the buyout area is generally in the Berry Hill, Oak Hill, Forrest Hills, and Belle Meade area. This map is searchable by address.
Click here for a map of the buyout area. Note that the buyout area is generally in the Berry Hill, Oak Hill, Forrest Hills, and Belle Meade area. This map is searchable by address.
Habitat For Humanity Offers Help for Rebuilding/Repair
Updated 6/30/10
Habitat for Humanity is offering two Flood Recovery Programs for residents of Cheatham, Davidson, Dickson, and Hickman Counties.
1. Those who own a home can get help rebuilding or repairing. Volunteers will help perform repairs, and owners can get zero-interest loans to finance the cost of materials--up to $40,000.
Income restrictions apply. (For a family of four, income must not exceed $58,608.)
2. Those who lost a home can apply to purchase a new Habitat home. Income restrictions apply (For a family of four, income must not exceed $52,150.)
For more information about the two programs, click here.
Habitat for Humanity is offering two Flood Recovery Programs for residents of Cheatham, Davidson, Dickson, and Hickman Counties.
1. Those who own a home can get help rebuilding or repairing. Volunteers will help perform repairs, and owners can get zero-interest loans to finance the cost of materials--up to $40,000.
Income restrictions apply. (For a family of four, income must not exceed $58,608.)
2. Those who lost a home can apply to purchase a new Habitat home. Income restrictions apply (For a family of four, income must not exceed $52,150.)
For more information about the two programs, click here.
Sales and Property Tax Relief for Flood Victims
Updated 10/13/10
Direct Sales Tax Refund
If you received Federal aid, you can apply for a refund of Tennessee sales tax that you paid for the items that you have purchased to rebuild or restore your home due to the flood. This includes appliances, furniture, cleaning supplies, and other building supplies. The total refund is limited to $2500, and you can only apply for one refund. To qualify, the items you purchased must have been used for your primary residence, must not cost more than $3200 per item (for appliances and furniture) and $500 (for cleaning/building supplies). You must make purchases by September 30, but may file a claim until November 30 and still qualify. It is anticipated that this deadline may be extended by leglislation expected to be introduced in January 2011, so save your receipts. You are required to show proof of purchase, sales tax paid, and proof that you applied for and received Federal disaster assistance.
Here is the refund form. For more information from the Department of Revenue, click here.
Property Tax Relief
The legislature has authorized the counties to allow taxpayers some relief on property tax for personal and industrial items by prorating the tax assessment the year. The county legislative body must approve this relief. For information on property tax relief in Davidson County, please click here. As we learn of other counties doing this, we will post more information.
Direct Sales Tax Refund
If you received Federal aid, you can apply for a refund of Tennessee sales tax that you paid for the items that you have purchased to rebuild or restore your home due to the flood. This includes appliances, furniture, cleaning supplies, and other building supplies. The total refund is limited to $2500, and you can only apply for one refund. To qualify, the items you purchased must have been used for your primary residence, must not cost more than $3200 per item (for appliances and furniture) and $500 (for cleaning/building supplies). You must make purchases by September 30, but may file a claim until November 30 and still qualify. It is anticipated that this deadline may be extended by leglislation expected to be introduced in January 2011, so save your receipts. You are required to show proof of purchase, sales tax paid, and proof that you applied for and received Federal disaster assistance.
Here is the refund form. For more information from the Department of Revenue, click here.
Property Tax Relief
The legislature has authorized the counties to allow taxpayers some relief on property tax for personal and industrial items by prorating the tax assessment the year. The county legislative body must approve this relief. For information on property tax relief in Davidson County, please click here. As we learn of other counties doing this, we will post more information.
Metro Nashville Flood Buyout Plan
In cooperation with FEMA and TEMA, Metro will be making buyout offers to about 200 homeowners. These homeowners should be receiving a letter in the mail within the next two weeks. The buyout is voluntary. You cannot be forced to sell.
Buyout prices will be based on the pre-flood fair market appraisal. Closing costs will be covered. Moving and relocation expenses will generally not be covered. You are still responsible for any mortgage.
Whether a home might be eligible depends on the circumstances. Homes in the floodway (the area closest to where water flows during a flood) may not be repaired if they have sustained significant damage (more than 50% of the value of the property). Metro will not issue permits on these homes. Therefore, the homes than cannot be repaired and other homes that had damages of 40% or more of the value of the property will receive first consideration for the buyout. If more funding becomes available, more homes in the 100 year flood plain might be buyout eligible.
Click here for more information.
Buyout prices will be based on the pre-flood fair market appraisal. Closing costs will be covered. Moving and relocation expenses will generally not be covered. You are still responsible for any mortgage.
Whether a home might be eligible depends on the circumstances. Homes in the floodway (the area closest to where water flows during a flood) may not be repaired if they have sustained significant damage (more than 50% of the value of the property). Metro will not issue permits on these homes. Therefore, the homes than cannot be repaired and other homes that had damages of 40% or more of the value of the property will receive first consideration for the buyout. If more funding becomes available, more homes in the 100 year flood plain might be buyout eligible.
Click here for more information.
Disaster Related Unemployment Benefits--Deadlines Soon!
If your job situation was affected by the flooding, you may be eligible for Disaster-Related Unemployment Benefits. Click here to read more about eligibility requirements.
Deadlines vary by county, and, for most counties, the deadline is Monday, June 7.
Deadlines vary by county, and, for most counties, the deadline is Monday, June 7.
IRS Free Tax Help Open House
While this is not geared specifically for flood victims, it is still a valuable opportunity.
Saturday, June 5, the IRS is holding a nationwide open house to address tax concerns. The Nashville location is 801 Broadway, and the open house will run from 9am to 2pm. If you have any outstanding tax issue, please take advantage of this opportunity for free help. At the last open house, approximately 97% of people who went had their tax issue resolved that day.
Saturday, June 5, the IRS is holding a nationwide open house to address tax concerns. The Nashville location is 801 Broadway, and the open house will run from 9am to 2pm. If you have any outstanding tax issue, please take advantage of this opportunity for free help. At the last open house, approximately 97% of people who went had their tax issue resolved that day.
UPDATE on One-Time Cash Payouts and Emergency Food Stamps
May 28 is the last day to register for One-Time Cash Payouts and Emergency Food Stamps for the following counties: Cheatham, Davidson, Dickson, Dyer, Bigson, Haywood, Hickman, Humphreys, Madison, Montgomery, Perry, Shelby, Sumner, and Tipton.
To qualify, your income must not exceed 130% of the Federal Poverty Level, and you must have already been registered with FEMA for disaster assistance.
Click here for information about the program.
Click here for information on the extended deadline.
Click here for the application.
To qualify, your income must not exceed 130% of the Federal Poverty Level, and you must have already been registered with FEMA for disaster assistance.
Click here for information about the program.
Click here for information on the extended deadline.
Click here for the application.
New Proposals for Help
There are several proposals to give additional financial relief to flood victims. These include sales tax relief on purchasing replacement appliances and the possibility of the outright purchase of damaged homes. Please be aware that these are only proposals that have been suggested. As soon as we have any definite information regarding relief, we will post it here.
Federal Disaster Relief Now Available
Parts of Tennessee are Presidentially Declared Federal Disaster Areas eligible for individual assistance. This makes a variety of Federal Aid available. To learn more about FEMA aid, including temporary housing, grants, and loans, click here or read the posts below on this page. You can also click here to read FEMA's Guide to Help After A Disaster. You can apply online or by phone at 1-800-621-3362.
The following counties have been declared eligible for individual assistance:
Benton, Cannon, Carroll, Chester, Clay, Crockett, Cheatham, Davidson, Decatur, DeKalb, Dickson, Dyer, Fayette, Gibson, Giles, Hardeman, Hardin, Haywood, Henderson, Hickman, Houston, Humphreys, Jackson, Lauderdale, Lawrence, Lewis, Macon, Madison, Marshall, Maury, McNairy, Montgomery, Obion, Perry, Robertson, Rutherford, Shelby, Smith, Stewart, Sumner, Tipton, Trousdale, Wayne, Williamson, and Wilson.
Please note that some counties have been declared eligible for FEMA assistance but not individual assistance. In those counties, individuals are not eligible for direct aid, but local governments and organizations can apply for specific aid. All counties in Tennessee are eligible for the Hazard Mitigation Grant Program, but, again, this does not involve direct aid to individuals.
The following counties have been declared eligible for individual assistance:
Benton, Cannon, Carroll, Chester, Clay, Crockett, Cheatham, Davidson, Decatur, DeKalb, Dickson, Dyer, Fayette, Gibson, Giles, Hardeman, Hardin, Haywood, Henderson, Hickman, Houston, Humphreys, Jackson, Lauderdale, Lawrence, Lewis, Macon, Madison, Marshall, Maury, McNairy, Montgomery, Obion, Perry, Robertson, Rutherford, Shelby, Smith, Stewart, Sumner, Tipton, Trousdale, Wayne, Williamson, and Wilson.
Please note that some counties have been declared eligible for FEMA assistance but not individual assistance. In those counties, individuals are not eligible for direct aid, but local governments and organizations can apply for specific aid. All counties in Tennessee are eligible for the Hazard Mitigation Grant Program, but, again, this does not involve direct aid to individuals.
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