NAMIC Hails Passage of Landmark Reforms to Federal Disaster Policy
The
Key provisions in a government funding and disaster relief appropriations bill passed by
"As we rightly provide critical aid for the natural disaster victims from
Under the incentive, the president could increase the federal share of disaster recovery from the current 75 percent to as much as 85 percent based on a state's:
* Adoption and enforcement of the latest building codes;
* Adoption of a mitigation plan;
* Investments in disaster relief, insurance, and emergency management programs;
* Participation in the Community Rating System; and
* Funding of mitigation projects or use of tax incentives to projects that reduce risk.
"We know that another disaster will happen, even if we don't know where or when," Grande said. "By encouraging more resilient construction standards and increased mitigation in states across the nation, this legislation will literally save lives. Further, studies have shown that every dollar spent on mitigation can return six to eight times as much in savings, reducing the burden on the nation's taxpayers."
As part of the reforms, the
"States are going to have a clear, measurable roadmap they can follow to qualify for the greater federal cost share, in addition to better protecting their communities," Grande said. "Just signed this morning by the president, this new law represents an enormous step toward a smarter, forward-looking disaster policy that will better protect Americans and reduce the need for disaster aid. We applaud
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