Bill > SB562

This bill establishes the Granite State Home Mitigation and Resiliency Program, which provides financial grants to New Hampshire homeowners to help protect their residential properties from severe weather events. The program offers two types of grants: IBHS (Insurance Institute for Business and Home Safety) grants and non-IBHS grants, with a maximum award of $9,500 per residence per year. To be eligible, homeowners must have a household income no greater than 60% of the state median income and own a residential property in New Hampshire. IBHS grants are specifically for reinforcing homes to meet certain safety standards, such as the FORTIFIED Home roof designation, and require using certified contractors and evaluators. Non-IBHS grants can be used for tree removal, foundation repairs, and other specific improvements that threaten a home's insurability. The program is funded through federal grants, donations, and other sources, and will be administered by the New Hampshire Insurance Department. The grants are awarded on a first-come, first-served basis, subject to fund availability, and are intended to help reduce insurance claims and premiums by improving home resilience against severe weather events like hurricanes, floods, and tornadoes.

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https://gc.nh.gov/bill_Status/billinfo.aspx?id=1475&inflect=2