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Published January 24, 2014, 06:30 PM

Sen. John Hoeven trying to keep flood insurance rates down through basement exception

Fargo, ND (WDAY TV) - Senator John Hoeven is trying to keep flood insurance rates down through the basement exception. Hoeven wants to delay scheduled increases in flood insurance premiums by requiring FEMA to first do an affordability study.

By: WDAY Staff Reports , WDAY

Fargo, ND (WDAY TV) - Senator John Hoeven is trying to keep flood insurance rates down through the basement exception.

Hoeven wants to delay scheduled increases in flood insurance premiums by requiring FEMA to first do an affordability study.

Hoeven is also asking FEMA to keep its basement exception, meaning each home is evaluated based on its lowest proofed opening, rather than its lowest floor, or basement, and provides credit for anyone who has flood proofed their basement.

Sen. John Hoeven/(R) North Dakota: “So this is an important issue for North Dakota because we have flooding, of course across the state all of our different river basins, certainly an issue here in the Red River Valley. This bill will address it.”

Hoeven says the Senate should be done voting by the end of next week then it will go to the House.

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