Call to delay flood insurance changes

Members of a Florida delegation ( both parties ) have proposed delaying the proposed NFIP reforms for one year. There is no question the 45 year old National Flood Insurance Program needs reform so as to move away from the $20 billion subsidy it has been getting. In Hillsborough and Pinellas counties, many of the homes hit the worst are valued less than $130,000 and not even on the water. In Hillsborough, 80% of the affected homes are not on the water. As a Tampa Tribune editorial pointed on August 6th, " This is not about helping the rich, it is about helping thousands of middle class families who played by the rules, but now find themselves with insurance bills they can't afford." Florida legislators are looking for ways to bring relief to affected home owners so they can afford to stay in their homes.