Congresswoman Matsui Introduces Legislation to Allow Homeowners in a Flood Zone to Rebuild Following a Catastrophe

WASHINGTON, D.C. – November 30, 2012 – (RealEstateRama) — Today, Congresswoman Doris Matsui (D-CA) introduced legislation to help homeowners who live in FEMA Special Flood Hazard Areas and whose homes have sustained major damage from a fire or other unforeseen event to rebuild their homes. The Fire Damaged Home Rebuilding Act of 2012 would amend the National Flood Insurance Act of 1968 to require FEMA to create a waiver process to consider on a case-by-case basis allowing these homeowners to rebuild their homes without elevation requirements, while ensuring their flood insurance costs remained the same as their neighbors.