Bulletin 2018-07 SC Safe Home Maximum Grant Program Award Amount - Notice of Program Revisions and Maximum Grant Amounts

# South Carolina Department of Insurance Capitol Center 1201 Main Street, Suite 1000 Columbia, South Carolina 29201 HENRY McMASTER Governor RAYMOND G. FARMER Director Mailing Address: P.O. Box 100105, Columbia, S.C. 29202-3105 Telephone: (803) 737-6160 # BULLETIN NUMBER 2018-07 TO: All Potential Applicants for South Carolina Safe Home Mitigation Grants  FROM: Raymond G. Farmer Director SUBJECT: SC Safe Home Maximum Grant Program Award Amount – Notice of Program Revisions and Maximum Grant Amounts DATE: August 28, 2018 The South Carolina Department of Insurance administers the SC Safe Home Mitigation Grant Program as outlined in Section 38-75-485 of the South Carolina Code of Laws. The law and program were recently updated by the South Carolina General Assembly. The program provides matching and nonmatching grant funds to help coastal property owners retrofit their homes to make them less vulnerable to the strong winds that accompany hurricanes and severe storms. The primary source for the grant funds comes from all property insurers doing business in South Carolina. The grant award amounts are based on the total annual adjusted gross household income of the applicant, adjusted for family size relative to the county area median income or the state median family income, whichever is higher. These statewide and countywide income figures are published annually by the United States Department of Housing and Urban Development (HUD). If the cost of the mitigation project exceeds the amount of the grant award, the remaining cost is the responsibility of the applicant. No grant award may exceed five thousand dollars. There is approximately $2.1 million available for funding for this year's Safe Home program. The maximum individual grant amounts (effective August 28, 2018) are as follows: Matching Grants $4,000 Non-matching Grants $5,000 To help applicants determine their estimated grant award, the South Carolina Department of Insurance has provided an award estimator located at SCSafeHome.com. Please see the examples below: | Matching Grants | Non-Matching Grants | | --- | --- | | Applicant's Annual Adjusted Gross Income for the household size *exceeds* 80% of HUD median for the county in which the home is located and the state average for household size. | Applicant's Annual Adjusted Gross Income for the household size *does not exceed* 80% of HUD median for the county in which the home is located or the state average for household size. | | Maximum award is $4,000 | Maximum award is $5,000 | | Homeowner matches Safe Home's contribution dollar-for-dollar up to the award maximum. | No homeowner matching required. | | Example 1: New roof estimate = $8,500 Safe Home pays: $4,000 Homeowner pays: $4,500 | Example 1: New roof estimate = $8,500 Safe Home pays: $5,000 Homeowner pays: $3,500 | | Example 2: Opening Protection (hurricane shutters) estimate = $4,700 Safe Home pays: $2,350 Homeowner pays: $2,350 | Example 2: Opening Protection (hurricane shutters) estimate = $4,700 Safe Home pays: $4,700 Homeowner pays: $0 | To apply for a SC Safe Home grant please visit SCSafeHome.com and submit an application via the online portal. Video tutorials, also located on this site, are available to assist applicants with the application submission process. Please direct any questions you may have regarding this Bulletin to the attention of Ann Roberson, Manager, SC Safe Home at aroberson@doi.sc.gov or (803) 737-6207.