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<br /> 230 <br /> City of San Marcos <br /> Flood Mitigation Assistance Program <br /> (Funded through the Department of Housing and Urban Development - Community Development Block Grant Program) <br /> Persons Eligible to Receive Flood Mitigation Assistance <br /> 1. Must have sustained damage in excess of 50% of the fair market value of the home prior to the October 17, <br /> 1998 flood <br /> - provide contractor's scope of work and cost estimate for all flood related repairs, or <br /> - provide insurance adjuster's estimate of the cost of all flood-related repairs, and <br /> - provide either tax appraisal or independent appraisal of the pre-flood fair market value <br /> 2. Must be located within the 1 DO-year floodplain as defined on the most recent flood insurance rate maps; <br /> - verify with the City's Engineering Department that the property is located within the 1 DO-year <br /> floodplain, and <br /> - based on repair costs and market values, a determination is made that reconstruction cannot be done <br /> without mitigation <br /> 3. Must be of low or moderate income <br /> - the Department of Housing and Urban Development defines low to moderate income as no more than <br /> 80% of the median household income for the Austin - San Marcos M.SA (see attached chart) <br /> - provide verifiable information regarding income (prior year's tax return, etc.) <br /> - provide information regarding number of persons in household <br /> 4. Preference shall be given to homes that are owner-occupied <br /> Eligible Costs Covered under the Flood Mitigation Assistance Program <br /> 1. Costs associated with the raising the finished floor elevation of homes to be at or above the base level of the <br /> 1 DO-year storm event as indicated on the most recent Flood Insurance Rate Maps <br /> 2. Surveying costs associated with determining the required floor elevation and providing the required surveying <br /> certification for floodplain ordinance compliance <br /> 3. The cost of raising services such as plumbing, mechanical or electrical due to the new elevation of the house <br /> 4. The cost of demolishing a structure provided the structure is not rebuilt on the lot or is rebuilt in compliance <br /> with the floodplain regulations <br /> 5. Cost associated with the public purchase of the property <br /> 6. Cost associated with the relocation of the structure to a lot located outside of the floodplain <br /> Application Process <br /> 1. Complete a one-page application form with the following information: <br /> - Name <br /> - Address of subject property <br /> - Are you the owner of this property? <br />