For residential homes and some small businesses, the Federal Housing Administration (FHA) and the U.S. Department of Housing and Urban Development (HUD) began loaning money in 2003 for safe room shelters for work that is eligible in the form of rehabilitation loans and new construction financing (FEMA, 2015). Any safe rooms built in a mortgage which is FHA-insured must be in compliance with FEMA standards. FEMA’s Hazard Mitigation Grant Program (HMGP) is typically given for community improvements, but many times can provide assistance to individuals within a community as well as long as they meet the standard requirements set forth. HMGP funds characteristically aid in the retrofitting of structures to help protect from severe floods, strong winds, earthquakes, and other natural hazards while also helping to create residential and community safe rooms in high tornado-prone areas (FEMA,
For residential homes and some small businesses, the Federal Housing Administration (FHA) and the U.S. Department of Housing and Urban Development (HUD) began loaning money in 2003 for safe room shelters for work that is eligible in the form of rehabilitation loans and new construction financing (FEMA, 2015). Any safe rooms built in a mortgage which is FHA-insured must be in compliance with FEMA standards. FEMA’s Hazard Mitigation Grant Program (HMGP) is typically given for community improvements, but many times can provide assistance to individuals within a community as well as long as they meet the standard requirements set forth. HMGP funds characteristically aid in the retrofitting of structures to help protect from severe floods, strong winds, earthquakes, and other natural hazards while also helping to create residential and community safe rooms in high tornado-prone areas (FEMA,