Reps. Casten, Blumenauer Introduce Bill to Help Communities Facing Flood Damage
Congressman
Annual flooding costs in the
Currently, buy-outs through the National Flood Insurance Program can take more than 5 years to complete through
"This is our future with the climate crisis. Sadly, it is only going to get worse. Climate-related disasters are putting communities at increasingly greater risk. Floods are no exception. Unfortunately, the National Flood Insurance Program is not designed for the reality of this problem," said
"As the harms of flooding and sea level rise increase, more and more families find themselves trapped in a cycle of flooding and rebuilding. But current buyout programs for flood-prone homes can take years -- and may not reach those most in need," said
"Many flood-damaged homeowners have opted out of utilizing the voluntary floodplain buyout program because flood prone property buyout assistance is too slow-with some buyouts taking up to five years to complete," said
From 2010 to 2020,
Watch his event on Countering Flood Risk Through Infrastructure, Investment and Innovation here:
The Protecting Families and the Solvency of the National Flood Insurance Program Act of 2022:
Sec. Addresses the problem of delays in the completion of voluntary relocation following floods by authorizing buyouts-in-lieu-of-claim-payments in high priority cases.
Sec. Allows for additional assistance to residents who may wish to move but are unable to afford relocation by requiring
Sec. Provides
Sec. Incentivizes community action to address recurrent flooding problems that plague entire neighborhoods by offering easier access to and a potentially larger share of mitigation assistance funding for implementation of locally-developed plans.
Sec. Assures that
The National Flood Insurance Program was last reauthorized in 2012.The NFIP's five-year reauthorization ended on
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View links showing in text here: https://casten.house.gov/media/press-releases/casten-blumenauer-introduce-bill-help-communities-facing-flood-damage
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