Senate Passes Act For Affordable Flood Insurance - KMOT.COM - Minot, ND - News, Weather, Sports

Senate Passes Act For Affordable Flood Insurance

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The U.S. Senate passed the Homeowner Flood Insurance Affordability Act to prevent FEMA from raising rates.

The legislation also included a provision created by Senators John Hoeven and Heidi Heitkamp, which would enable homeowners to receive credit for having flood-proofed basements.

"This is a big step forward. Now, we go to work on the House side," said Hoeven. "It is very important that we have affordable flood insurance, not only for all North Dakotans, but for all Americans," he added.

Meanwhile, Senator Hoeven has asked the Housing and Urban Development secretary Shaun Donovan to extend the period of eligibility for the Community Development Block Grant funding for homeowners in Minot affected by the 2011 flood.

Hoeven wants the CDBG funding to be expanded from the 12 month period to 36 months.

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