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
- WILLOUGHBY: Bernie Reed cites hard work as key to success of Reed’s Metals
- Analyst: KiOR Columbus plant may end up sold as scrap
- Gulf oil rig explosion kills one worker, injures three
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi
- Federal appeals court: State's abortion law is unconstitutional
- Humana and Bill, Hillary and Chelsea Clinton Foundation partnering
- Six out of eight universities could have higher tuitions in 2015
- Ex-MDEQ leader Fisher joins Butler Snow
- Former MDEQ Executive Director Trudy Fisher joins Butler Snow
- Can Metrocenter rise from the ashes? Again