Steve Bauer, FEEA director, told The Federal Drive with Tom Temin and Emily Kopp the not-for-profit expects to receive up to 1,000 applications but can only fund a few hundred. FEEA aims to raise $150-200,000, he said.
FEEA also offers no-interest emergency loans of up to $1,000. Loans are repaid through the employees’ payroll.
Feds can call 1-800-323-4140 for more information.