Tag Archives: flooding

Rep Cunningham Joins CTAR in the American Flood Coalition

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Rep. Joe Cunningham Joins American Flood Coalition to Combat Rising Waters
South Carolina Congressman joins the coalition showcasing the urgency of flooding and sea level rise issues facing the 1st district.

The American Flood Coalition is pleased to announce that Rep. Joe Cunningham has joined its nonpartisan alliance to address the growing threat of flooding and sea level rise. Rep. Cunningham represents South Carolina’s First Congressional District, which encompasses South Carolina’s Lowcountry, including Charleston, Mt. Pleasant, Kiawah, and Hilton Head.

Rep. Cunningham joins the Coalition at a timely moment for South Carolina, as flooding concerns in the state are growing.

“In the last few years, historic flooding has inundated South Carolina’s Lowcountry because of unprecedented high tides, erosion, and harsher storm surges and hurricanes. In Charleston, flooding threatens to compromise our medical district and recurrent flooding threatens nearly every military installation in our district,” said Rep. Cunningham. “I look forward to working together to build a flood-resistant South Carolina.”

Charleston is home to the Medical University of South Carolina (MUSC), Roper St. Francis Healthcare system, and Ralph A. Johnson VA Hospital, which house a total of 6 separate hospitals. The streets in Charleston’s medical district flood regularly and often prevent people and ambulances from reaching the hospitals. During Hurricane Matthew, Ralph H. Johnson VA rescheduled 6,000 appointments and transferred many of its patients under its evacuation protocol.

“As an advisory board member of the American Flood Coalition, we are pleased to welcome Rep. Joe Cunningham (SC-1) as a coalition member,” said the Charleston Trident Association of REALTORS in a statement about the Congressman’s membership. “Our region and state have faced catastrophic flooding in recent years and it is imperative we advocate for solutions locally and nationally.  As the first federal member of the South Carolina delegation to join, we congratulate Rep. Cunningham for being our voice on the national stage regarding flooding solutions and his leadership on this issue.”

CTAR Delegation meets with Representative Cunningham in his DC office during the Realtors Midyear Legislative Meetings

CTAR Delegation meets with Representative Cunningham in his DC office during the Realtors Midyear Legislative Meetings

Rep. Cunningham’s district is also home to a number of critical military installations threatened by flooding, which degrades operational readiness. Joint Base Charleston was recently named by the Air Force as one of their top 5 bases most vulnerable to weather impacts, and access roads to Marine Corps Recruit Depot Parris Island and Marine Corps Air Station Beaufort can be restricted by high tides and storms. Additionally, flooding downtown can cut off access to Charleston’s Coast Guard facility, disrupting search and rescue operations during storms.

Rep. Cunningham is the 13th Member of Congress to join the American Flood Coalition and the 32nd member from South Carolina. The coalition’s South Carolina membership includes the cities of Beaufort, Charleston, Folly Beach, as well as civic groups such as Groundswell! and the Historic Charleston Foundation. Several local business groups, such as Charleston Homebuilders Association and Charleston Trident Association of REALTORS, are also coalition members.

20 elected officials in South Carolina are also members of the American Flood Coalition, including Governor Henry McMaster, as well as numerous state legislators, mayors, and city councilmembers.

“This is a very exciting moment for the coalition. We have worked with our state and local members in South Carolina to elevate their concerns on sea-level rise and flooding. Now, we have a great opportunity to connect them with their federal representative and work towards a common goal,” said Melissa Roberts, Executive Director of the American Flood Coalition. “We look forward to working with Congressman Cunningham to advance practical solutions for flood affected communities in both South Carolina’s first congressional district and across the country.”

The American Flood Coalition is a nonpartisan group of cities, elected officials, military leaders, businesses, and civic groups that have come together to drive adaptation to the reality of higher seas, stronger storms, and more frequent flooding through national solutions that support flood-affected communities and protect our nation’s residents, economy, and military installations.

Cities, towns, elected officials, businesses, and local leaders wishing to join the American Flood Coalition or read more about the organization’s work can visit the coalition’s website to find out more.

Changes to NFIP Flood Insurance

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The Latest News

Pre-FIRM Subsidized rates will be assumable starting May 1
The Federal Emergency Management Agency (FEMA) released a bulletin stating that pre-FIRM subsidized rates can start being transferred to buyers and policy purchasers starting May 1. This is the first implementation phase of the new Homeowner Flood Insurance Affordability Act.

Help guide the implementation of the Homeowner Flood Insurance Affordability Act by participating in a survey, here.

Find a list of Frequently Asked Questions about the new flood insurance regulations, here.

 

About the Flood Insurance Affordability Act

On March 21, 2014, President Obama signed the “Homeowner Flood Insurance Affordability Act” into law. This law repeals FEMA’s authority to increase premium rates at time of sale or new flood map, and refunds the excessive premium to those who bought a property before FEMA warned them of the rate increase. The bill limits premium increases to 18% annually on newer properties and 25% for some older ones. Additionally, the bill adds a small assessment on policies until everyone is paying full cost for flood insurance.

 

WATCH: Flood Insurance Reform is Law, but Now What?

Now that flood insurance reform has been signed into law, you need to understand what’s changed, what the new regulations are and how it will affect your business.

CTAR’s Government Affairs Director, Ryan Castle, walks you through the changes this law creates, how your pending closings will be affected and when we can expect to see the full implementation of this law.

Watch or download the presentation below, or find it here.

Download a side-by-side comparision of how the new Homeowner Flood Insurance Affordability Act compares with Biggert-Waters, here.


Want to know more? We have a speaker for you!

For more information – have CTAR’s Government Affairs Director Ryan Castle come to your office and discuss flood insurance. You can contact him directly at Ryan@CharlestonRealtors.com or (843) 793-5212.

Congress extends flood insurance for 5 years

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Certainty will never be achieved when talking about the Lowcountry and flooding, but at least now – thanks to the actions of Congress – home buyers can have certainty in knowing there will be available, affordable flood insurance for purchase.

On June 29, both the Senate and House passed the Biggert-Waters Flood Insurance Reform Act of 2012 as a part of H.R. 4348, the Surface Transportation Conference Report. The President will sign the measure this week. The bill includes a 5-year reauthorization and reform of the National Flood Insurance program.

This is the culmination of a successful multi-year REALTOR® Party campaign, with many Calls for Action and a final push at NAR’s Midyear Legislative Conference and Rally in May. Congress had been extending the National Flood Insurance Program a few months at a time since 2008. Twice this led to program shut downs, including one that stalled more than 40,000 home sales in June 2010.

Check out our presentation on how the recent changes can affect you, your clients and your business: 

While the passage of the Biggert-Waters Flood Insurance Reform Act of 2012 brought certainty to the flood insurance marketplace, it also brought change. And that change is what REALTORS® need to be aware of to answer many of their clients potential questions.

For more information about the reauthorization of the National Flood Insurance program, click here.