The cost of the program covers the elevation portion of flood risk mitigation along with the structural work that needs to be done to make that happen as well as the permitting, inspection, and administrative costs. The total program cost is the total program amount, not the aggregate of what is spent on construction of the 31 homes.
The size and scope of these measures often make them not affordable privately, and spending this money for mitigation protects these properties but also the insurance costs (and thus insurance premiums) for everyone in the area, especially those in AE areas.
I forget how many more are pending approval, but a lot of people applied when it opened.
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