The financing aspect of mitigation issues simply as a lot for purchasers who cannot get, or cannot afford, protection. A tally compiled by the urban-policy nonprofit SPUR counts 16 payments launched in Sacramento since 2023 to assist owners pay for retrofits via tax credit, grants, loans, and underwriting incentives. Solely two have turn out to be regulation. One is AB 1. The opposite, AB 888, created a devoted grant program for retrofits, however impartial bill-tracking confirms the state has solely appropriated a $3 million proof-of-concept quantity to date, with nothing but flowing to particular person owners. Brokers should not be telling purchasers a grant is accessible at the moment. A separate wildfire-resilience mortgage program, SB 894, handed the Senate unanimously this 12 months and stays alive, per SPUR, whereas a PACE-style proposal that might connect retrofit debt to property tax payments has drawn pushback over foreclosures threat for house owners who fall behind.
