{"id":5975,"date":"2021-09-30T14:30:08","date_gmt":"2021-09-30T14:30:08","guid":{"rendered":"http:\/\/3.236.132.51\/?p=5975"},"modified":"2026-04-12T11:27:41","modified_gmt":"2026-04-12T11:27:41","slug":"congressional-action-forgives-usvi-of-300-million-in-community-disaster-loans","status":"publish","type":"post","link":"https:\/\/www.usviodr.com\/fr\/congressional-action-forgives-usvi-of-300-million-in-community-disaster-loans\/","title":{"rendered":"Congressional Action Forgives USVI of $300 Million in Community Disaster Loans"},"content":{"rendered":"

September 30, 2021<\/p>\n

\"\"<\/h1>\n

Governor Bryan Issues Statement On Congressional Action
\nForgiving USVI of $300 Million in Community Disaster Loans<\/h1>\n

Waiver on Debt Incurred from 2017 Hurricanes Brings Tens of Millions in Financial Relief to WAPA, Juan F. Luis Hospital and Schneider Regional Medical Center<\/em><\/p>\n

U.S. VIRGIN ISLANDS \u2014 Governor Albert Bryan Jr. released the following statement on Congress’s passage of a Continuing Resolution to fund the government through December and avoid a government shutdown that also waives the U.S. Virgin Islands\u2019 debt of $300 million in Community Disaster Loans that resulted from the 2017 hurricanes:<\/p>\n

\u201cIt is with great pleasure that I can announce that our efforts for a year and a half toward having the federal government forgive $300 million in debt from federal disaster recovery loans after Hurricanes Irma and Maria reached fruition today when Congress passed its Continuing Resolution to avoid a government shut-down,\u201d Governor Bryan said. \u201cSince the Bryan-Roach Administration took office, one of our top priorities has been working for the removal of this debt to the Territory. While this administration has focused successfully on stabilizing the Government of the Virgin Islands\u2019 financial situation and paying off its debts to our residents, vendors and other entities, we never wavered in our efforts to convince the federal government to acquit the Territory of the debt it incurred from those 2017 storms.\u201d<\/p>\n

\u201cWhile this certainly is a financial relief for the local economy and strengthens the foundation the Bryan-Roach Administration has been building to stabilize the government\u2019s finances, it is even more important for our two hospitals and WAPA, which have been overly burdened by the debt they incurred when Irma and Maria ravaged our islands,\u201d the Governor said.<\/p>\n

\u201cThe waiver of the debt for Juan F. Luis Hospital, Schneider Regional Medical Center and the V.I. Water and Power Authority will relieve some of the financial strain they have been struggling under and push those entities further down the road to total recovery much more quickly and greatly assist them in delivering complete and high-quality service to the community,\u201d he said.<\/p>\n

\u201cI\u2019d like to thank our federal partners in Congress, in the Biden Administration, Delegate Stacey Plaskett, and especially our hard-working GVI team, who persisted in pursuing this goal for the betterment of all Virgin Islanders as we continue our momentum of recovering from the worst hurricanes we have ever experienced,\u201d Governor Bryan said.<\/p>\n

The forgiveness of the $300 million debt from the Community Disaster Loans comprises financial relief of:<\/p>\n