Los Angeles Seismic Retrofit Program Cost Recovery Guide for Apartment Owners

Published by This program caters to the Tenant Habitability Plan & Cost Recovery Guide for Property Owners. Foundation Technology informs its customers that we work along with these programs and encourage you to facilitate these programs that have been made to make things easier. How the Program Works: • Up to 50% of total seismic retrofit costs may be passed through to tenants, if approved by HCIDLA. • The maximum rent increase is $38 per month for 120 months. The recovery period may be extended until the full approved amount is collected. • Seismic retrofit costs are divided among all the units. Foundation Technology Offers Seismic Retrofitting As A Service Foundation Technology is the leader in Seismic retrofitting. Seismic Retrofits involves modifying existing structures, so that they are more resistant to seismic activity. For more information kindly download full article in PDF format. Seismic Retrofit Cost Recovery