For Immediate Release - January 14, 2010


Federal loans to help victims of the Mystic Side Estates Fire

BOSTON - Thursday, January 14, 2010 - Governor Deval Patrick has asked the Small Business Administration (SBA) to issue a declaration of physical disaster for Middlesex County to make federal funds available to the tenants affected by the multi-alarm blaze that destroyed a major portion of the Mystic Side Estates apartment complex, located at 503-509 Pleasant Street, Malden on Saturday, January 9, 2010.

"These loans will help those most impacted by the devastating fire get back on their feet," said Governor Patrick. "I am hopeful that the declaration can assist the neighborhood rebuild and again become a vibrant part of Malden."

A Preliminary Damage Assessment conducted by the Massachusetts Emergency Management Agency (MEMA) estimates at least 46 tenants suffered significant damages, and experienced uninsured losses of 40% or more of the estimated fair replacement value. If the SBA grants the disaster declaration, all of those affected by the disaster will be eligible for long-term, low-interest Physical and Economic Disaster Loans to replace property lost in the fire.

Mayor Richard C. Howard said, "I'm pleased to hear that the Governor has interceded on behalf of the tenants displaced by this horrific fire. These funds will be very helpful in rebuilding from this tragic event."

"First of all, we have to applaud the Malden fire department for their quick response," said Representative Paul J. Donato. "The fact that no lives were lost is not only a miracle but really speaks to response of the fire and police departments. I'd like to take this opportunity to thank the Governor for stepping up to assist the people of Malden at this difficult time."

"I am hopeful that this government assistance will help these people through this time of need. This will help the process of recovery and the return to normalcy to these people," said Representative Stephen Smith.

MEMA will continue to work with local authorities to provide support services and assistance to the tenants throughout the loan application process.

The Massachusetts Emergency Management Agency (MEMA) is the state agency responsible for coordinating federal, state, local, voluntary and private resources during emergencies and disasters in the Commonwealth of Massachusetts. MEMA provides leadership to: develop plans for effective response to all hazards, disasters or threats; train emergency personnel to protect the public; provide information to the citizenry; and assist individuals, families, businesses and communities to mitigate against, prepare for, and respond to and recover from emergencies, both natural and man made. For additional information about MEMA, go to



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