The costs of the Mandatory Soft Story program can be quite expensive and although a property owner may recover 50% of the costs associated with the project, the project must be completed first and the owner must provide proof of all associated costs prior to the approval of the Cost Recovery Plan.
As part of our services we provide several financing options to assist property owners get started with the process including $0 down payment and “bridge loans” for qualified property owners.
California Capital Access Program (CalCAP) California Seismic Safety Capital Access Loan Program The purpose of the program is to assist California small businesses and residential property owners (including multiunit dwellings and mobile homes registered by the California Department of Housing and Community Development) with financing the costs to seismically retrofit existing buildings and homes.
Eligible Uses of Loan Proceeds Proceeds from loans enrolled in the CalCAP/Seismic Safety Financing Program may be used for seismic retrofit construction alterations performed on or after January 1, 2017, of a qualified building or its components to substantially mitigate seismic damage. Seismic retrofit construction includes, but is not limited.
