Testifying before the House Financial Services Subcommittee on Insurance and Housing, Barry Rutenberg, immediate past chairman of NAHB and a home builder from Gainesville, Fla., said a key concern of the law is that it requires properties that had
subsidized rates under the National Flood Insurance Program (NFIP) to immediately move to the full actuarial risk rate when they are sold or transferred.
Not exact matches
The chart below, generated by the Department of Education's repayment estimator, shows how much $ 26,946 in direct
subsidized federal student loans with a 4.3 percent interest
rate would cost a borrower to repay
under all seven different repayment plans available to federal student loan borrowers.
The company, whose best - known subsidiary is The University of Phoenix, has come
under government scrutiny on grounds that it recruits
under - qualified students who later default at a high
rate on their government -
subsidized loans.
But the class in this case (given its publicity and victims) would almost certainly have been able to find an NGO or a fancy law firm to donate its time pro bono or at
subsidized rates, which is why
under other circumstances I could understand the allergy of some of the survivors to being charged NYC market
rate.
These grandfathered as well as other
subsidized flood insurance
rates are being phased out
under the Biggert - Waters Act that extended the National Flood Insurance Program for five years.
Highlights of the changes, required
under the Biggert - Waters Flood Insurance Reform Bill that passed in 2012, include revised premium
rates, a new Reserve Fund assessment, updated
rates for non-primary residences, exclusion of certain properties from receiving
subsidized premium
rates and no extesnions of subsidy to new policies or lapsed policies.