Communications, Reports, and Council Oversight Committee - 2026-05-04
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Meeting Summary
The Communications, Reports, and Council Oversight Committee held an informational session on May 4, 2026, featuring a presentation from the Small Business Administration about Economic Injury Disaster Recovery Loans available for those impacted by the Kona Low Storm floods (March 10-24) and Hilo downtown fires. No zoning, development, or land use decisions were made during this meeting.
Key Decisions (1)
Close File on Communication 871 - SBA Disaster Loan Presentation
Committee voted to close file on Communication 871 after receiving an informational presentation from the Small Business Administration regarding disaster recovery loans available for Kona Low Storm flood victims and Hilo fire victims.
Market Signals (2)
Other
SBA disaster loans available for Hawaii County businesses, nonprofits, homeowners, and renters affected by March 2026 Kona Low Storm floods, with business loans up to $2 million at 4.4% interest and home loans up to $500,000 at 2.87% interest.
Other
Mitigation funding available through SBA loans allows property owners to build back with resilience improvements (retaining walls, seawalls, sump pumps) up to 20% of verified physical damage, potentially improving property values and reducing future disaster risk.