The Mississippi Insurance Department’s wind mitigation program has been awarded a $1 million grant from the Mississippi Development Authority and Governor Haley Barbour’s office.
Insurance Commissioner Mike Chaney said the grant will be used to fund a hurricane home mitigation study that will pave the way for $25 million in hurricane home mitigation assistance for Gulf Coast homeowners.
“The key to recovery on the Mississippi Gulf Coast is jobs. Without jobs we don’t have people and without people we don’t have homes and without homes we don’t have an economy. The coast must build to codes, have proper land use and mitigate homes to withstand hurricanes. This grant is the first step,” Chaney said.
Chaney credited Gov. Barbour, Rep. Michael Janus (R-Biloxi), and the Gulf Coast legislative delegation for their assistance in helping MID obtain the grant.
The study is expected to be completed by hurricane season.
Source: Mississippi Insurance Department