|By Florida Keys Keynoter, Marathon|
|McClatchy-Tribune Information Services|
However, the stalemate in
The House actually passed a five-year authorization bill last year. That legislation seeks reforms in the way the program is administered and who can qualify, and would exclude some investment properties from the subsidized program.
Last week, House members -- seeing no movement by their
But you sure can in the
Coburn wants to see owners of million-dollar coastal properties and vacation homes excluded from the program, along with other reforms that were part of the House package passed last year.
"The short-term extensions and shutdowns have exacerbated uncertainty in real estate markets and are inhibiting long-term investments that are vital to the U.S. economic recovery," he said.
If you'd like to register your feelings about the
For more about the National Flood Insurance Program and the stalemate, visit the
(c)2012 the Florida Keys Keynoter (Marathon, Fla.)
Visit the Florida Keys Keynoter (Marathon, Fla.) at www.keysnet.com
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