|Broad Channel hosting participation in Nation Wide Rally Protesting "Town Killer" Flood Insurance Hikes|
Saturday 9/28/2013 12 noon - American Legion Hall
Earlier today, we participated in a 45 minute conference call sponsored by the Coalition for Sustainable Flood Insurance (CFSI) currently consisting of 16 states throughout the nation led by the Greater New Orleans Inc. Regional Economic Development organization (GNO) hosted by Ms. Caitlin Benri.
Upon examination of these new rates, even some of those representatives who voted for this bill were taken aback at the enormity of some of these increases stating that they were much higher than they were originally led to believe prior to signing the bill into law.
Upon examination of the new rates, it became clear that this bill was not thought through and, in some cases, NFIP's data is mathematically flawed and encumbered with unexplained disparities.
If left unchecked, people are going to lose their houses and property values and local economies will tank.
Real estate appraisers stated that the problem is "astronomical" to the point they don't even want to think about it.
FEMA has claimed that only a small subset of homeowners will be affected by the largest increases mandated by Biggert-Waters but FEMA's claim is not backed up by real numbers indicating exactly what the actual impact will be, either locally or nationwide.
The bottom line is that Congress can (and must) amend the Biggert-Waters Act....
A closing note to our neighbors in Howard Beach, Rockaway, Belle Harbor, Roxbury, Neponsit, Breezy Point, please make every attempt to attend the Stop FEMA Now rally on Saturday, September 28th at noon at the American Legion Hall on Cross Bay Boulevard in Broad Channel. There is strength in numbers and a big turnout for this event would certainly bolster the gravitas of our representatives when dealing with FEMA to address this issue. This affects all of us!