Congressman Al Green Supports Passage of The Flood Insurance Reform Priorities Act

He co-sponsored a bill that is particularly beneficial for Texas

Washington, DC – July 20, 2010 – (RealEstateRama) — Congressman Al Green (TX-09) voted to support the Flood Insurance Reform Priorities Act of 2010 (H.R. 5114), which passed the House by a vote of 329-90. Congressman Al Green is a co-sponsor of the bill, which amends the National Flood Insurance Act of 1968 and reauthorizes the National Flood Insurance Program through 2015.

“This is a very important bill, particularly for those states which are more prone to becoming victims of hurricanes. Certainly my home state of Texas is one of those and, therefore, I know our residents need the security of having this flood insurance program,” said Congressman Al Green.

The bill delays, for a five-year period, the effective date for a requirement under which homeowners living in newly designated flood-hazard areas would have to purchase flood insurance and phases-in a new risk-rate schedule for those areas over the next five years.

Congressman Al Green praised the increases in the coverage limits proposed by the bill. Specifically, the bill increases the maximum aggregate amount of insurance coverage from $250,000 to $335,000 for certain single- or multifamily dwelling residential structures; from $100,000 to $135,000 for dwelling unit contents; and from $500,000 to $670,000 for nonresidential properties.

The new law would also develop outreach programs to educate the community. “It is crucial that communities learn about this kind of programs because being insured and, moreover, properly insured will make all the difference when it comes to the recovery phase that follows a hurricane,” commented the Congressman.

The bill creates an Office of Flood Insurance Advocate within the Federal Emergency Management Agency (FEMA). This office would assist insureds under the national flood insurance program in resolving problems with FEMA and would help communities and homeowners with interpreting, implementing, and appealing floodplain maps and floodplain map determinations. The bill is now pending further consideration in the Senate.

###
Contact:
Alvaro ‘Al’ Ortiz
Press Secretary
Congressman Al Green, 9th District-Texas
United States House of Representatives
3003 South Loop West, Suite 460
Houston, TX 77054
Office Phone: 713-383-9321
Cellular Phone: 202-527-1109
Fax: 713-383-9202
Email: Alvaro.Ortiz (at) mail.house (dot) gov

SHARE

On January 4, 2007 U.S. Representative Al Green took the oath of office to serve the people of Texas’ 9th Congressional District and began his second term in the United States House of Representatives. As a veteran civil rights advocate, he has dedicated his life to fighting for those in society whose voices, too often, are not heard.

Congressman Green’s chief legislative priority for the 110th Congress is creating a Federal Living Wage. As the Democratic Whip for Region 6 and one of the newest members of the Committee on Homeland Security, Green is dedicated to increasing U.S. port and border security and reducing chemical, biological, radiological and nuclear threats. He also serves on the Financial Services Committee where he continues his fight to eliminate insurance, housing and lender practices that have historically victimized low and moderate income communities. Additionally, Congressman Green remains committed to increasing the levels affordable housing and ensuring that every American realizes the dream of homeownership.

Contact:

Alvaro 'Al' Ortiz (Press Secretary)
Office Phone: (713) 383 9234 Ext. 111
Cell Phone: (832) 606 5869

Previous articleState housing agency awards $37,500 to Brazos Valley CDC through new rural housing expansion program
Next articleCB RICHARD ELLIS CLOSES ON TWO LEASES AT THREE RIVERWAY