Comptroller Stringer Reveals Assessed Value of Flood Zone Properties More Than Doubled Under New FEMA Insurance Maps
A new analysis by New York City Comptroller Scott M. Stringer revealed that the assessed value of properties that lie within newly proposed 100- year floodplain maps is $129 billion, more than double the value under previous flood plain maps issued by the Federal Emergency Management Agency. We need FEMA to be responsive to regional investments in the…
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