Florida program will help homeowners raise their homes above flood level

Florida has launched "Elevate Florida," a program aimed at elevating homes in flood-prone areas. It offers grants and low-interest loans to help homeowners raise their properties above the base flood level, reducing future insurance claims. Homeowners must contribute 25% of the total cost and can access SBA loans up to $500,000 with favorable terms. The program utilizes $2 billion in federal disaster relief funds available after recent hurricanes, marking a new approach to flood mitigation and resilience.