CINCINNATI (AP) -- A federal regional bank is offering $5 million to help reconstruction efforts in Ohio, Kentucky and Tennessee following tornadoes and severe storms this month.
The Federal Home Loan Bank of Cincinnati said Friday the funds can be used in counties that have been designated as disaster areas by federal or state agencies in the aftermath of the March 2 storms. Hundreds of homes were damaged in the region.
In Ohio, the village of Moscow was hardest hit, and four people in southwest Ohio were killed.
Applications for funds will begin May 1, with grants up to $20,000 for reconstruction and up to $20,000 for purchase of a new dwelling for those who were displaced.
The FHLBank is a congressionally chartered wholesale regional bank supporting housing and economic development.