Bulletin 2020-06 SC Safe Home

The maximum individual grant amounts ( effective July 1, 2020) are as follows: Matching Grants: $4,000.00 Non-matching Grants: $5,000.00 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. To apply for a South Carolina Safe Home grant, please visit SCSafeHome.com and submit an application via the online portal. The website includes video tutorials to assist applicants with the application submission process. Matching Grants . Non-Matching Grants Applicant's Annual Adjusted Gross Income for the Applicant's Annual Adjusted Gross Income for the household size e:i:cee,ls 80% of HUD median for the household size ,foes ,rot e.>.cee,I 80% of HUD median county in which the home is located and the state for the county in which the home is locat\!d or the state average for household size. average for household size. Maximum award is $4,000 Maximum award is $5,000 Homeowner matches Safe Home's contribution dollar- No homeowner matching required.• for-dollar up to the award maximum.• Example 1: Example 1: New roof estimate• $8,500 New roof estimate .,. $8,500 Safe Home pays: $4,000 Safe Home pays: $5,000 Homeowner pays: $4,500 Homeowner pays: $3,500 Example 2: Example 2: Opening Protection (hurricane shutters) estimate .. Opening Protection (hurricane shutters) estimate ..- $4,700 $4,700 Safe Home pays: $2,350 Safe Home pays: $4,700 Homeowner pays: $2,350 Homeowner pays: $0 • Applicants remain responsible for any costs of the mitigation project exceeding the amount of the grant award, in addition to any required matching. Please direct any questions you may have regarding this Bulletin to the South Carolina Safe Home staff at (803 )73 7-6807 or scsafehome@,,doi.sc.gov. Bulletins are the method by which the Director of /11s11ra11ce formally communicates with persons and entities regulated by the Department. Bulletins are Departmental interpretations of South Carolina insurance laws and regulations and pro1•ide guidance on the Departmelll's enforceme111 approach. Bulletins do nor pro\'ide legal ad,•ice. Readers should consult applicable statutes and regulations or contact an attorney for legal adl'ice or for additional infom,ation on the impact of that legislation on their specific situation.