As of July 31, 2009, the Homeowner Protection Office will no longer be accepting new loan applications for the Reconstruction Program.
All applications received prior July 31 will be reviewed by project on a first-come first-received basis, and those deemed eligible will be offered a no-interest repair loan provided that the building permit for their building envelope renovation is obtained by January 31, 2010.
The reconstruction fee of $750 per multi-unit building constructed for sale in the coastal climatic zone remains in place to continue to fund the program.
All other purposes and requirements of the Homeowner Protection Act - such as builder licensing and home warranty insurance - will remain in force, and relevant HPO programs and services will continue. This includes: licensing residential builders and building envelope renovators; administering owner builder authorizations; monitoring the performance of the third-party home warranty insurance system underwritten by the private sector; and, carrying out research and education.