Time for a makeover: Trade groups want a revamp of the major flood insurance program
Housing Wire
NOVEMBER 21, 2024
“A business as usual approach to flood mitigation will cause the NFIP debt to increase further and culminate in a sudden housing market crash beginning sometime around 2060,” the report states. The report looks at properties located on the Northeast U.S. coast that were impacted by Hurricane Sandy in 2012.
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