My Safe Florida Condo' pilot program reaches capacity

Condo associations can no longer apply. News Channel 8's Linnie Siouxfall is live in Tampa tonight to explain the new initiative. Linnie. Good afternoon. Well, this year, state lawmakers decided to pour $30 million into the my safe florida condo program. And even those who will benefit from this project, they say it still won't go far enough. Condo associations navigating the high cost of insurance after a steep spike in premiums over recent years. We did have a huge insurance premium increase, like $300,000 increase that we hadn't budgeted for. Some say the cost of owning a condo is climbing. Condo fees are going up and insurance is going up. The state offering a potential solution to help rolling out the my safe florida condo program this month. It gives condo associations a free inspection, then up to $175,000 in grant funding for improvements and hurricane protection. And will it be helpful? It's certainly a win win for the association. Eric Glaser is a board certified condo attorney keeping a close watch on the new initiative, especially after the dollars ran dry within a week, but still voicing concerns. The help may not be enough. Maybe in a small building, $175,000 means something. But the truth is, in a larger type community association, that might be 2% of what's needed and the association is still gonna get hit with a large bill. So the my safe florida condo program, very similar to the my safe florida home program, but that program also went dry within a few days. So we will follow up on that. State lawmakers say that conversations will continue when they meet again in March, reporting live in Tampa. Lenny Sioux Paul eight on your side. Thanks, Lenny is