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We’re excited to share a new initiative from the Florida Department of Financial Services that could potentially benefit Fort Lauderdale and other Florida condominium associations: My Safe Florida Condo.
Modeled after My Safe Florida Home, My Safe Florida Condo is a pilot program approved during the 2024 legislative session. It offers condo associations assistance to help strengthen condominiums against hurricane winds. The program has $30 million in funding for this initial pilot phase.
My Safe Florida Condo eligibility requirements & details:
· Condo association must be within 15 miles of the coastline and receive a majority vote from their board to be eligible to apply
· Eligible associations can potentially receive a free mitigation inspection and a reimbursement grant up to $175,000 per association for wind-mitigation improvements
· Mitigation improvements can include stronger roofs, exterior and garage doors, windows, skylights, and other wind-resistance improvements
· Wind insurance premium savings are also possible with program eligibility
The pilot phase has limited resources, and condo associations in the City of Fort Lauderdale are encouraged to apply promptly. Applications and full program details are available at mysafeflcondo.com, including the full Florida Statute on the program, and more.
Additionally, condo associations and residents can also find more information about new laws related to condo reserves, transparency, and accountability at the Florida Department of Business and Professional Regulation (DBPR) by visiting: condos.myfloridalicense.com, for resources in both English and Spanish.
We encourage you to share this opportunity with eligible condominium associations in your community to help strengthen their hurricane resilience.
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