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FEMA is making an instance of this Florida boomtown. Locals call it ‘revenge politics.’
Politics tamfitronics When U.S. homeowners buy subsidized flood insurance coverage from the Federal Emergency Management Company, they plot a commitment to agree with assist better after flood disasters, even when it charges them. FEMA’s notorious 50 percent rule stipulates that if a dwelling in a flood zone suffers damages rate larger than half of its price, it may well presumably also aloof be torn down and rebuilt so it’s elevated above flood degree. This can ticket homeowners a total lot of hundreds of greenbacks, nonetheless it prevents the American public from footing the bill for the repeated destruction of susceptible properties — a minimal of in thought.Enforcement of the 50 percent rule largely falls to local officials in flood-damaged regions, who are charged...
