Sen. Menendez Meets with Sayreville Residents and Officials After $29.5 Million for Voluntary Property Buyouts Granted
Federal Information & News Dispatch, Inc. |
"This house, like so many in this neighborhood, could no longer be a home to anyone after Superstorm Sandy struck last October," said
Also present were
A total
"For many
Menendez also called upon FEMA Administrator
A copy of Senator Menendez's letter to Administrator Fugate is attached.
Earlier this month, at the urging of Menendez - who criticized
Senator Menendez also spoke to the need for many of
A flood insurance bill passed last year before Superstorm Sandy struck has put into effect deep cuts in the national flood insurance subsidy, 25 percent a year over four years. Senator Menendez's Saving Homeowners from Onerous Rate Escalation (SHORE) Act, which he introduced last month, will dramatically slow down the cuts to the federal flood insurance subsidy over 10 years - with only a 5 percent reduction for the first five years. Furthermore, it would apply to all properties, including secondary homes, in flood zones.
Read this original document at: http://www.menendez.senate.gov/newsroom/press/sen-menendez-meets-with-sayreville-residents-and-officials-after-295-million-for-voluntary-property-buyouts-granted
Copyright: | (c) 2010 Federal Information & News Dispatch, Inc. |
Wordcount: | 610 |
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News