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State Net Capitol Journal Legislative Updates: Mayor Michael Bloomberg Pitches Sweeping Storm Protection Plan For NYC

NYC MAYOR PITCHES SWEEPING STORM PROTECTION PLAN: Last week, less than a year after Hurricane Sandy hit the eastern seaboard and with only 203 days left in his final term, New York City Mayor Michael Bloomberg unveiled a sweeping plan to protect the city from future storms. The plan, laid out in a 438...

Florida's Move to Establish a Stronger Private Flood Insurance Market Provides an Opportunity for Insurers, Developers and Property Owners

The Biggert-Waters Flood Insurance Reform Act of 2012 In 2012, Congress passed a law to reform the National Flood Insurance Program (NFIP) to make the program self-supporting without federal subsidies. Specifically, the law called for local flood maps to be updated. Existing subsidies and discounts...

U.S. Department of Housing and Urban Development Awards Millions in Federal Funding to Hurricane Sandy Rebuilding Efforts in New York and New Jersey

Secretary of the US Department of Housing and Development (HUD) Shaun Donovan has announced the Rebuild by Design Competition’s six winners. Created by President Obama’s Hurricane Sandy Rebuilding Task Force in 2013, ‘Rebuild by Design’ awards HUD funding to infrastructure projects...