HYANNIS – Congressman Bill Keating has introduced legislation that will provide resources to individual towns and municipalities with areas at elevated risk of flood.
The bill will enable the towns to form regional partnerships and share the cost of flood mitigation tailored to their needs.
The Community Flood Insurance Savings Act includes sharing the costs of participation in the National Flood Insurance Program’s (NFIP) Community Rating System (CRS) and hiring regional-level CRS program coordinators.
“Small towns and municipalities often can’t afford the time or expense of coordinating Community Rating System program compliance,” said Congressman Keating. “This legislation will encourage these communities to form area-wide partnerships, apply for resources to support regional-level coordinators who will manage the CRS program for each of the towns in these partnerships, and ultimately, work together on cost-saving mitigation projects to qualify their residents for discounted rates on their flood insurance premiums. These savings can be difference makers for families trying to afford their first home and for new businesses hoping to open their doors to their neighbors.”
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