3.0.0 2328 2023-01-11T14:50:58Z 2023-01-11T14:50:58Z Senate S S 2007-11-08 110 ssga00 Homeland Security and Governmental Affairs Committee Senate Standing Referred to 2007-11-08T19:54:50Z Property Mitigation Assistance Act of 2008 110 6424 HR 2008-06-27 Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management. Related bill CRS 2007-11-08 ssga00 Homeland Security and Governmental Affairs Committee Senate Read twice and referred to the Committee on Homeland Security and Governmental Affairs. IntroReferral 2007-11-08 Introduced in Senate IntroReferral 10000 9 Library of Congress D000388 Sen. Dodd, Christopher J. [D-CT] CHRISTOPHER DODD D CT JOHN N Emergency Management Disaster relief Economics and Public Finance Government lending Grants-in-aid Housing and Community Development Revolving funds Emergency Management 00 2007-11-08 Introduced in Senate 2007-12-27T19:28:33Z Property Mitigation Assistance Act of 2007 - Amends the Robert T. Stafford Disaster Assistance and Emergency Relief Act to direct the Administrator of the Federal Emergency Management Agency (FEMA) to establish a grant program to provide assistance to states to promote pre-disaster property mitigation measures within their jurisdictions.

Requires a state, to be eligible for assistance, to have: (1) submitted a mitigation plan; (2) established a process for accepting and processing grant and loan applications from individual homeowners and business owners; (3) established a revolving loan fund to which any grant amounts received under this Act shall be deposited; and (4) submitted a detailed plan for how terms and conditions for authorized loans and grants will be set.

Directs the Administrator to allocate grant amounts to eligible states according to a formula based on specified factors, including the nature and extent of potential hazards to property in the state, the number of properties at risk in the event that a hazard or natural disaster should occur, the amount of prior property damage incurred by the state during any previous hazard or natural disaster, and any available data on the future risk of occurrence of any hazard or natural disaster in a state.

Sets forth provisions regarding baseline amounts for eligible states and matching requirements.

Authorizes each state to make grants or loans to assist individual homeowners and businesses in undertaking pre-disaster property mitigation measures from a revolving loan fund established under this Act.

]]> Property Mitigation Assistance Act of 2007 Display Title Property Mitigation Assistance Act of 2007 Official Title as Introduced A bill to establish a homeowner mitigation loan program within the Federal Emergency Management Agency to promote pre-disaster property mitigation measures. Introduced in Senate IS Short Titles as Introduced Property Mitigation Assistance Act of 2007 Introduced in Senate 2007-11-08T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s2328is/xml/BILLS-110s2328is.xml 2007-11-08 Read twice and referred to the Committee on Homeland Security and Governmental Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.