Learn how free inspections and grants can enhance hurricane resilience for Florida condos
A recent WESH 2 News article highlighted the “My Safe Florida Condo” pilot program as a crucial new resource for Florida condominium associations aiming to protect their properties from hurricane damage. Launched by Chief Financial Officer Jimmy Patronis and the Florida Department of Financial Services, the program offers a proactive solution for communities devastated by storms like Hurricane Milton.
Hurricane Milton caused extensive wind damage to properties along Florida’s coast, including Castaways Beach Resort in Daytona Beach Shores. Nanette Mckeel Petrella, who owns three condos at the resort, described the destruction: “A roof that was just about one year old, brand new roof, let loose. Flew off the building, across the street, into the parking lot.”
Related resource:
How the concept of condos has been poorly executed
The recurring damage is frustrating for condo owners like Mckeel Petrella, but the “My Safe Florida Condo” program offers hope. Through the program, eligible condominium associations can access:
- Offering free inspections to evaluate hurricane-resistant features and provide recommendations for upgrades.
- Matching grants to fund improvements, with the program contributing $2 for every $1 invested by the association, up to $175,000.
“These grants are a game-changer. For every dollar you put up, they’ll put up two, for your project, up to $175,000,” said John Cadden.
Participating in the program enhances hurricane resilience and may lead to savings on wind insurance premiums. “A lot of it depends on the age of your building and what improvements you’ve made to lessen wind damage,” Cadden explained.
Read the WESH2 News article here
Ready to determine the best course of action for your property?
Contact us today!
Back to news and insights Share
