The News, Talk, Sights and Sounds of the Warfleigh Neighborhood
News item in USA TODAY from Fri. Jan 31.:
The Senate has easily passed a bill to delay premium hikes for years for for hundreds of thousands of homeowners who buy flood insurance from the federal government.
Thursday's sweeping 67-32 vote reflects widespread concern about changes enacted two years ago to shore up the program's finances.
No other details given; probably still has to go to the House, but YAAY!
Where is the "like" button? Thank you for sharing!!
I spoke to the new homeowner at the corner of 62nd & Central (two-bedroom brick) and she said they had to start paying the increased rates immediately and the increased rate they are paying is $5000.00, so I wonder if they still have to continue to pay that amount.
Has the President signed this into law yet? Someone please give us an update.
I didn't see it on GovTrack but looks like he signed it on Friday. From teh 3/21 Times-Picayune:
WASHINGTON -- Ending a long and sometimes torturous legislative process, President Barack Obama Friday signed into law a bill that will limit flood insurance premium increases to no more than 18 percent a year