This significant amount of money could essentially cut the cost of hurricane mitigation projects by two-thirds. To receive the maximum available grant of $10,000, the homeowner would have to provide $5,000 of their own funds. For every $1 the homeowner spends toward the project, the program provides an additional $2. The Florida Department of Financial Services has said that it anticipates awarding roughly 11,000 to 12,000 of these grants based on its current funding.Įligible homeowners can receive as much as $10,000 in matching grants to help pay for qualifying home hurricane mitigation projects. Wind Mitigation Grantsīased on the wind mitigation home inspection results, some homeowners may qualify to apply for matching grant funds to make the recommended home improvements. The state is currently reviewing and approving the applications in the order they are received and will conduct the inspections for free until the funding from the program is fully exhausted. The state will provide these inspections free of charge. Every owner of a site-built single-family residential home can apply for one of these inspections, which seeks to identify any elements of the construction that could be improved to mitigate future wind damage at home. The first part of the new program is the wind mitigation home inspections. More information about the new program is provided below. They hope that hardening homes and decreasing the likelihood that they sustain damage from hurricanes will ease the current burden that insurance companies face in the state processing claims. This is an important step that lawmakers in Florida have taken to try to decrease the amount of damage that homes throughout the state sustain during hurricanes. The Property Advocates explains that, in an effort to help residents harden their homes to decrease the potential for damage from hurricanes, the Florida Legislature created the new My Safe Florida Home Program.Ĭreated as part of Senate Bill 2D, which was passed by the state Legislature and signed into law by Governor Ron DeSantis in the spring of 2022, the program provides homeowners with funds for free hurricane mitigation inspections, as well as matching grants that can help them preserve their homes. Sarah Wright | Updated: 13-01-2023 11:06 IST | Created: 13-01-2023 11:02 IST Image Credit: Unsplashįlorida homeowners are no strangers to the immense damage that hurricanes can cause throughout the state.
0 Comments
Leave a Reply. |