Royce Pushes for Better Flood Risk Mitigation and Transparency
Today,
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The way we do it, and let me just give you by way of example, we got a couple of cities here: Tulsa and Charlotte. Both have had very pronounced success in decreasing flood risk because what they did was proactively take on a plan for storm water management, promoting voluntary buyouts, sometimes that can be effective, reviewing new development proposals for flood impacts, and steering development away from risky areas. So that's part of their plan Many of their peers though, many of the other cities and communities have not kept up with that kind of approach. So, what this bill would require, is that communities with a large amount of repeatedly flooded properties to implement plans, to have that city council or those counties put forward that plan for lowering flood risk and then, in terms of keeping the records, holds them accountable for failing to act. I would just ask for thoughts on this issue," said
"And I would also ask a follow up question that I wanted to get to. Do you think the home buying public truly grasps flood risk? Is this registering with them? Do they understand how subject to hazard their property is when they talk with their realtor? Do they understand how flood risks change over time when areas nearby are developed or when a forest fire might occur? So maybe I could ask the panel also on that aspect about recommendations for how we can change this lack of education on flood risk. Besides just what we can do at the county level or city level, how do we improve take up rates for flood insurance and strengthen these mitigation efforts?" asked
"My statement that 'of course we would not want to write severe repetitive loss properties' is a statement that we would not want to write severe repetitive loss properties at rates that were competitive with
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Watch Rep. Royce's questioning here https://youtu.be/oAPyEc_ivyM or by clicking the image below.
Read this original document at: http://royce.house.gov/news/documentsingle.aspx?DocumentID=398287
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