Fred Mullins, Donna Mullins, & Erin Biby
Coldwell Banker Schmitt Real Estate Company
1201 White Street Ste. 101 Key West, FL 33040
Direct: 305-745-9440
Email: mullinsf@bellsouth.net
Website: www.lowerkeys-homes.com
A new bill was introduced on Tuesday of this week, after an announcement from the U.S. House and Senate that an agreement has been made to delay flood insurance increases under the National Flood Insurance Program (NFIP).
This is not yet a victory for supporters of flood insurance relief, but it is an important start to postponing further rate increases. (In order for the bill to become law, the House and Senate must vote in favor of it, and President Obama must sign it.)
The intention of the bill would be to delay rate increases for 4 years. This first step also provides FEMA the time to complete a required affordability study, give regulations that would cover any affordability issues, and give Congress enough to time to go over the regulations.
Information obeatined from: http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=298703
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