CalCAP Seismic Safety (CalCAP Seismic)

CalCAP Seismic Safety is a credit enhancement program in the form of a loan loss reserve. CalCAP Seismic provides a post-disbursement risk management tool for financial institutions when they loan up to $250,000 for seismic retrofit construction on existing commercial or residential buildings, including:

• anchoring structure to foundation
• anchoring fuel storage
• bracing cripple walls
• bracing water heaters
• installing an earthquake-resistant bracing system for mobile homes or manufactured homes
• installing automatic gas shutoff valves
• repairing or reinforcing the foundation to improve the integrity of the foundation against seismic damage (repairs due to seismic damage are excluded)
• strengthening a building’s lateral load resisting system.