Capps Works to Make Flood Insurance More Affordable for Central Coast Homeowners

WASHINGTON, DC – July 13, 2011 – (RealEstateRama) — Today, Congresswoman Lois Capps (CA-23) voted for the Flood Insurance Reform Act of 2011 (H.R. 1309), which passed the House by a vote of 406-22. The bill re-authorizes the National Flood Insurance Program for five years, and makes needed reforms to address the financial stability of the program by phasing out non-essential premium subsidies. The legislation is particularly relevant for homeowners in the Santa Maria Valley and the cities of Oxnard and Ventura. The County of Santa Barbara, the County of Ventura, and the City of Santa Maria all written letters to the Congresswoman expressing support for the legislation.