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Approval of Acknowledgement of Hazard Mitigation Grant Program Allocation Reassignment to State Division of Emergency Management for Exclusive Use on Residential Mitigation Projects Through Elevate Florida Program
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BRIEF OVERVIEW
Elevate Florida is a first-of-its-kind, groundbreaking statewide residential mitigation program. Led by the Florida Division of Emergency Management (FDEM), this program is designed to protect homes and communities by reducing damage caused by natural disasters like hurricanes and floods. Elevate Florida is designed to expedite the entire process and complete a resident’s mitigation project.
FDEM has afforded counties the opportunity to share a portion of their Federal Hazard Mitigation Grant Program (HMGP) allocations for Hurricanes Helene and Milton with the Elevate Florida program to dedicate specifically for the County’s residential mitigation applications. These reallocated funds are guaranteed to be used on Hernando County residents’ projects.
The Hernando County Local Mitigation Strategy Working Group has elected to reassign 50% of the total HMGP allocations for both Helene and Milton to the Elevate Florida program.
FINANCIAL IMPACT
30-Day Estimates for HMGP Allocations:
DR-4828 (Helene) - $7,778,528.26
DR-4834 (Milton) - $16,373,907.33
50% Reallocation to Elevate Florida:
DR-4828 (Helene) - $3,889,264.13
DR-4834 (Milton) - $8,186,953.66
These figures are preliminary estimates and subject to fluctuate until the 12-month lock-in is established.
LEGAL NOTE
The Board has the authority to act on this item in accordance with Chapter 125, Florida Statutes.
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RECOMMENDATION
It is recommended that the Board approve and support the Hernando County Local Mitigation Strategy Working Group’s election to reallocate 50% of HMGP funds to the Elevate Florida program.