The Federal Emergency Management Agency (FEMA), through the Florida Division of Emergency Management (FDEM), has funding available through a Flood Mitigation Assistance Grant Program.
Donor Name: City of Panama City
State: Florida
City: Panama City
Type of Grant: Grant
Deadline: 10/28/2022
Details:
The grant can provide 75 to 100 percent of one of the following mitigation opportunities:
- Acquisition/Demolition Buyout
- Elevating
- Relocating
- Demolition/Rebuild
The definitions per the Flood Mitigation Assistance Grant Program include:
- Repetitive Loss Property: An insured property with at least two flood claims where the repairs equaled or exceeded 25 percent of the market value of the structure at the time of the flood event. Or, at the time of the second occurrence, the flood insurance contract must include an increased cost of compliance coverage.
- Severe Repetitive Loss: An insured property with a flood history of four or more separate claims of $5,000 each with a cumulative total exceeding $20,000 or at least two claim payments where the cumulative amount of two claims exceeds the market value of the structure.
Eligibility Criteria
Homeowners in the City of Panama City who have experienced repetitive flooding issues may be eligible for a program that would mitigate their homes to prevent future flooding.
For more information, visit City of Panama City.
