Guam Hazard Mitigation Plan - Western States Seismic Policy Council

SECTIONSIXMitigation Strategyand oversight to ensure compliance with the Coastal Zone Management Act. On Guam, theentire island is considered a coastal zone; therefore, the Coastal Management Program on Guamis called the Guam Coastal Management Program. Federal grants are provided on an equal costsharebasis with the state or territory under the following sections of the Coastal ManagementProgram.• Section 303: This program focuses on the protection of natural resources that mitigate windand flooding impacts, including beaches, dunes, and barrier islands.• Section 305: This program provides states and territories with funding to develop theirCoastal Zone Management Programs (CZMPs).• Section 306: This program provides grants for states and territories to administer theirCZMPs, including staff salaries, equipment purchases, public education and outreach,enhancement of public access, and the undertaking of projects that monitor and/or enhanceelements of the CZMP.• Section 309: The Coastal Zone Enhancement Program allows states and territories tocompete for funding by creating enhancements to the existing state or territory CZMP ineight priority areas, including coastal hazard mitigation, wetlands protection, and the controlof cumulative and secondary impacts from development.Small Business AdministrationPhysical Disaster Loans and Economic Injury Disaster Loans. The Disaster Division of theSmall Business Administration (SBA) provides direct, guaranteed, and insured loans to assisthomeowners and businesses suffering economic injury as a result of a disaster declared by thePresident, the SBA, or the Secretary of Agriculture. Funds under this loan program are notprovided merely because of lost income or lost profits; rather, funds may be provided to payliabilities that the business could have paid if the disaster had not occurred. Working capital canalso be provided to allow a business to operate until conditions return to normal. The maximumloan amount is $1.5 million and is based on need. A repayment period of up to 30 years may begranted. The interest rate is not to exceed 4 percent. Over and above the loan amount for theassessed damage, 20 percent in funds may be provided for hazard mitigation activities. Guam haspreviously used this funding source.The Concrete Upgrade Policy was instituted in Guam after Super Typhoon Paka in 1997.Pursuant to this policy, when a homeowner or business has more than $10,000 in uncompensatedlosses for property damage from a declared disaster, the SBA will increase the disaster loanamount to cover the full cost of building a typhoon-resistant concrete or similar structure.Department of Health and Human Services, Administration for Native Americans (ANA)Social and Economic Development Strategies (SEDS). The SEDS program providescompetitive financial assistance grants to American Indians, Native Americans, Native Alaskans,Native Hawaiians, and Pacific Islanders to promote lasting self-sufficiency and enhance selfgovernment.SEDS promotes self-sufficiency by supporting native communities in their effortsto reduce dependency on public funds and social services by increasing community andindividual productivity through community development. In fiscal year (FY) 2007, ANAawarded approximately $10.8 million for social and economic development projects. Guamcurrently uses funding from this program.6-11