Are you interested in obtaining grant funds to elevate, demolish/reconstruct, or sell your home that is below base flood elevation, at risk of flooding, or has flooded before with a National Flood Insurance Program (NFIP) flood insurance claim? If so, Monroe County is participating in a national grant program known as Flood Mitigation Assistance (FMA) to help with these costs.
Donor Name: Monroe County
State: Florida
County: Monroe County (FL)
Type of Grant: Grant
Deadline: 11/02/2022
Size of the Grant: $400 million
Details:
Monroe County is seeking applicants for a federal grant program that helps fund homeowners in elevating their insured homes above minimum flood elevation requirements to decrease the risk of floods during storms and disasters. Funding is also available to sell out a home, or demolish and rebuild above minimum flood elevation. The program is funded by the Federal Emergency Management Agency (FEMA) and is called the Flood Mitigation Assistance (FMA) program.
Applicants must have NFIP-backed flood insurance on the structure at the time of application (by Sept. 30, 2022) and maintain flood insurance throughout the mitigation process and for the structure’s life. Applicants can choose from three options:
- Elevating (lifting) your home,
- Selling to the County and returning the land to its natural state, or
- Demolishing your home and rebuilding an NFIP-compliant, insured structure.
Generally, the federal grant funds approximately 75 percent of eligible activity costs. In some cases, the amount can be more than 75 percent for Severe Repetitive Loss or Repetitive Loss properties. The property owner would be responsible for the part not covered by the grant. FEMA will select eligible project applications on a competitive basis.
The funding can be used for home elevation, acquisition, and reconstruction to assist private property owners in mitigating future flood loss for homes in incorporated and unincorporated Monroe County.
Funding Information
At least $400 million is available nationwide for individual flood mitigation projects that lessen the risk of flooding to individual National Flood Insurance Program (NFIP)-insured structures.
For more information, visit Monroe County.
