Project Impact Prevention Loans in Florida provide homeowners with funds to strengthen and retrofit their homes to minimize damage from the devastating effect of hurricanes. The loans, provided through lenders and purchased by Fannie Mae, enable homeowners to install hurricane shutters on windows, replace roofs, provide additional chimney and foundation supports, elevate homes, and perform other structural support activities. We can't prevent hurricanes, but we can prevent hurricane damage. That is why FEMA is here working with Governor Jeb Bush, the Florida Department of Community Affairs and Fannie Mae. We want Florida homeowners to know they don't have to be victims and can now secure loans through Project Impact to help reduce the damage incurred by one of nature's most violent weather events.
Interest paid on the loans is fixed for the life of the loan.
Owners of one or two family homes may be eligible for this loan. The contractors who perform the work on the homes have all been approved by Florida's Department of Business and Professional Regulation and are not compensated until the homeowners say they are satisfied with the work. The first loans for Project Impact were made in Broward county in 1998. The National Weather Service has forecasted an increase in the number and severity of hurricanes this year. People should take immediate precautions to protect their homes, families, and property from these hurricanes.