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City Requests That Customers Install Water-Saving Devices As we all know from listing, selling and buying in Raleigh , it is a great place to live. The drought we are in is serious. The City council is asking us, and other group to please get the word out about using the 'low flow devices' and rain barrels if you plan outdoor watering for trees, shrubs, gardens, etc….Here is there message - please pass it along. We are all in this together. The Raleigh City Council is requesting that Raleigh water customers take the following measures to conserve water during this exceptional drought:
The City is offering 80-gallon and 60-gallon rain barrels for sale at the City’s Solid Waste Services offices at 400 W. Peace St. , from 7 a.m. to 4 p.m., Monday through Friday. For more information, contact Linda Leighton, waste reduction specialist at 831-6890 or linda.leighton@ci.raleigh.nc.us. Flood Insurance Update The Flood Insurance and Reform and Modernization Act of 2007 is moving quickly through Congress. Just this week, there was a hearing before the Senate Banking, Housing and Urban Affairs committee; this hearing will help develop the insurance reform bill. The U.S. House recently passed the act that would expand flood insurance programs to include wind damage, would increase coverage limits for residential and commercial properties, as well as require notice of availability of flood insurance to tenants. National Association of REALTORS® supports reforms that protect the integrity of the National Flood Insurance Program (NFIP) by fully funding existing and future obligations to policyholders, ensure accurate flood maps, and to educate homeowners about the importance of flood insurance. Testimony was given by Vince Malta, 2006 California Association of REALTORS® President, on behalf of NAR; he said that Congress must analyze the impact of eliminating subsidies on homeowners, renters, and local economies. Flood Insurance Program on the Move in DC The U.S. House recently passed H.R. 3121, the “Flood Insurance Reform and Modernization Act of 2007.” This bill is of particular importance because it expands flood insurance programs to include wind damage, which would make coastal state homeowner insurance more affordable. The bill also raises the cap on annual premium increases from 10% to 15%, requires notice of availability of flood insurance to tenants, increases coverage limits to $335,000 for residential properties, and $670,000 for commercial properties, and adds coverage for living expenses, business interruption, and basement improvements. However, this bill will not phases out subsidies on primary residences or require insurance for properties behind levees and dams. The Banking, Housing and Urban Affairs Senate committee is developing its own reform bill, and will be holding hearings in the upcoming weeks. Please stay tuned in for any action required to pass this legislation. As you know Flood Insurance is critically important to a hurricane target state like North Carolina.
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