Throughout the Southern Tier, floodwaters receded on June 24, but mud and waterlogged belongings were just the beginning of the problems facing residents. The force of the raging water had broken windows, flipped cars, deposited detritus everywhere, and caused massive structural damage to hundreds of buildings. Some houses had collapsed, while others had been lifted off their foundations and dropped into their own basements. Some had been swept away entirely.
Flood insurance was rare at the time, and most of the affected homes and businesses lacked it. In addition to the damage to private property, the damage to commercial and manufacturing space put thousands of people out of work, adding to the economic devastation of the flood.
Beginning Thursday, June 22 when the flooding began, power was out for most of the region, as well as telephone lines, gas service, and clean water. Banks were slow to fully reopen open, since their own buildings, offices, records, and employees were affected. Federal agencies like the Small Business Administration arrived on scene to help business owners and residents begin applying for disaster loans.