Option

Fund and assist home hazard retrofits for property owners

Details

Focus of action
Financing & Incentives
Option

Fund and assist home hazard retrofits for property owners

Focus of action
Financing & Incentives

Examples from plans

This option appears in resilience plans from around the country.

Option from plan Hazards Sort descending Assets Region Source Plan
Incentivize measures for flood mitigation in construction areas in the floodplain. One example is offering a structure elevation grant. Flooding – CoastalFlooding – GeneralFlooding – Rainfall-induced Property Southeast Charleston, South Carolina - All Hazards Vulnerability & Risk Assessment (p. 179)
Develop incentives or regulations for property owners to improve the resilience of buildings in areas facing increased risk of flooding. Flooding – General Multiple or All Assets Midwest Denver, CO Climate Action Plan
Develop a retrofit program to provide incentives for property owners to reduce their own risk. Low_interest capital and a potential reduction in insurance premiums are example incentives. Resilience improvements Flooding – General Multiple or All AssetsProperty Southeast
Assist lower- and moderate-income homeowners with retrofitting projects by developing funding programs or facilitating access to funding resources. Flooding – Rainfall-induced People Midwest Cleveland Climate Action Plan
Develop programs directed toward homeowners that would provide funding or assistance to reduce possible impact from hazards. Multiple or All HazardsWildfire Property Northwest Puget Sound Regional Council Climate Change and Resilience Guidance
Increase the resiliency of existing residential and commercial development through financing opportunities for structural strengthening, fire safe landscaping, and energy efficiency upgrades. Wildfire Property Southwest Statewide Summary Report: California's Fourth Climate Change Assessment