FEMA lowers homeowners’ cost-share for retrofits
by MBJ Staff
Published: November 6,2012
MISSISSIPPI GULF COAST — Residents in Hancock, Harrison and Jackson counties can now save more money to protect their homes from wind damage if they participate in the Coastal Retrofit Mississippi Initiative, according to the Mississippi Emergency Management Agency (MEMA).
The Federal Emergency Management Agency lowered the homeowner cost-share for participants from 25 percent to 10 percent of the standard package cost. This means that 90 percent of the standard package retrofit will be paid by the grant, with the other 10 percent the responsibility of the homeowner.
FEMA also approved the inclusion of additional retrofits such as gable outlookers and ridge and off-ridge vents, which allows MEMA to offer a package that parallels the Institute for Business and Home Safety Fortified Home bronze level. Residents who have already participated in the program at the 25 percent cost-share, will be contacted by program staff, and reimbursed the appropriate cost share reduction.
The Coastal Retrofit Mississippi project is a $27-million grant funded project, through FEMA, to help homeowners strengthen their homes against wind damage. Phase one of the project will provide grants to homeowners in Hancock, Harrison and Jackson counties who at a minimum meet the following qualifications: Owner-occupied single family structures; owners have a current homestead exemption; homes meet or exceed FEMA’s required Benefit Cost Analysis ratio; homes are site built and mounted on a secure foundation.
For more information, visit www.coastalretrofitms.org or call (228) 432-3143.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Regions must pay $7.5 million in fines over illegal overdraft fees
- Two new casinos like the odds on Mississippi Gulf Coast
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- CFPB wants repay ability at center of new payday loan rules
- DAVID DALLAS: Getting a grip on LGBT issues
- Bradley Arant Boult Cummings attorney Alan Perry takes office as IHL board president
- Governor signs fracking bill as database comes under scrutiny
- Irby commits suicide after wife's prison release
- Meridian DJ group brings dubstep, EDM to Queen City
- Locker doors opening for Clinton inventor after ‘Shark Tank’