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

WASHINGTON, D.C. – March 6, 2013 – (RealEstateRama) — Today, Congresswoman Doris Matsui (CA-06) 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 2013 would amend the National Flood Insurance Act of 1968 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.