Homeowners in one eastern Florida city may now qualify for up to $25,000 to put toward essential repairs following last week’s flooding.
Here’s what to know
The announcement came on Nov. 4, just days after heavy rains inundated roadways in the area, that the city of Port St. Lucie would set aside $1 million for the effort. Through its Disaster Relief Program, the city will offer loans that can become forgivable over five years, according to local news outlet WPTV.
The funding will come through the state’s Housing Finance Corporation and the State Housing Initiatives Partnership program. Admitted participants — who must meet certain income, homeownership, and residency criteria — will not have to make monthly loan payments or pay interest.
The funding covers work to make flood-damaged homes safe and livable. Pre-applications became available Nov. 5, and the program will continue until the city has spent its allocation.
What is covered?
Work that may be covered by the program includes water extraction, removal of water-damaged materials, emergency repairs to plumbing or electrical systems, and temporary structural stabilization. Roof repairs and weatherproofing to help prevent further damage are also eligible for coverage…