Bloomberg Quint: A New Tool Tracks Flooded Homes Receiving Taxpayer Money

Bloomberg Quint: A New Tool Tracks Flooded Homes Receiving Taxpayer Money. “Passaic County in New Jersey is not in the hurricane belt nor is it on the banks of a major river, and yet 810 properties there received $170 million of taxpayer money through the National Flood Insurance Program (NFIP) since 1968. These are homes that flooded over and over again; on average, each has made seven separate flood claims over the years. That finding comes from a newly released tracking tool by the Natural Resources Defense Council, making public for the first time a data set of all Severe Repetitive Loss Properties (SRLP) across the nation by county.”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.