FEMA 50% rule could force storm victims to tear down homes, rebuild at higher elevation
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FEMA 50% rule could force storm victims to tear down homes, rebuild at higher elevation
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For disaster damage not fully covered by insurance or other compensation, U.S. Small Business Administration low-interest disaster loans are available to homeowners and renters, as well as businesses of all sizes including landlords and private nonprofit organizations. The Small Business Administration will work with you to provide a loan that fits your personal budget. It’s important to file an application with them, even if you don’t think you can afford a loan, because this could be the next
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FacebookFEMA Federal Emergency Management Agency
The FEMA 50% Rule applies to properties in high-risk flood zones (zones starting with A or V). Under this rule, repairs or improvements to structures in these areas cannot exceed 50% of the building’s value (land and land improvements not included), no matter the cause of damage—fire, flood, wind, and more. Learn more about the FEMA 50% Rule at CharlotteCountyFL.gov/FEMA50 | Charlotte County Emergency Management
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