Shore Up CT offers flood zone loans

Shore Up CT is a state program designed to help residential or business property owners who do not qualify for federal disaster aid to elevate buildings, retrofit properties with additional flood protection, or assist with wind-proofing structures.

The program provides gap funding and helps refinance loans associated with property mitigation.

In order to be eligible, a home or business must be located on a property that is prone to coastal flooding and located in Flood Zone VE or Zone AE.  The “Shore Up CT” loan must be used to elevate properties at least one foot above the 500-year flood height elevation and commercial buildings must be elevated at least one foot above the 100-year Base Flood Event.

The terms of the “Shore Up CT” loan:

•2.75 % (3.027% APR) fixed interest rate;1% origination fee;

•Borrow $10,000 to $300,000 with 15 year term;

•No monthly principal or interest payments for the first 12 months;

•Borrower must maintain property, hazard, and flood insurance for the life of the loan

Eligible properties:

•Primary and secondary single family homes, or 1-4 unit owner-occupied rentals

• Owners must live in the property at least 14 days per year

• Businesses with fewer than 100 employees and in good standing with all state agencies

• Subject to coastal flooding and located in either Zone VE or Zone AE in coastline communities as defined by the Federal Emergency Management Agency (FEMA) and NFIP

•These coastline municipalities are: Greenwich, Stamford, Darien, Norwalk, Westport, Fairfield, Bridgeport, Stratford, Milford, West Haven, New Haven, East Haven, Branford, Guilford, Madison, Clinton, Westbrook, Old Saybrook, Old Lyme, East Lyme, Waterford, New London, Groton, and Stonington

• Must be up-to-date with all local, state and federal taxes

For more information and a loan application, visit