On June 24, the FHA responded to a request from NAR and other groups, regarding the use of the 203k rehabilitation/renovation loan program for flood mitigation. In the letter, dated February 6, 2014, NAR and the coalition asked FHA to confirm the eligibility of the Federal Housing Administration's FHA Section 203k program for the rehabilitation of homes that have not been damaged in a flood, but are at risk of damage from future flood events. The 203k has been used in flooded areas to rebuild homes, and the coalition wanted assurance that the program could be used for mitiga
NAR submitted a statement last week to the House Agriculture Subcommittee on Livestock, Rural Development, and Credit to their hearing entitled, "A Review of Credit Availability in Rural America."
Find answers to who owns the water beneath or bordering a property, withdrawing water from your property, accessing more water resources, and other water-related issues.
The terrorist attacks of September 11, 2001, and the mailing of anthrax-laced letters along the East Coast upped the ante for agencies that provide public services, including water. But efforts to secure the nation’s water supply go back to the Clinton years. And in the past decade, the water utility sector has made many voluntary advances to protect drinking water.
You could make the argument there’s no such thing as “new” water; it’s not something we can create more of. But an area with a growing population in need of more water has various options for increasing its supply of usable or even potable water. Some, such as the trans-mountain diversions of Colorado, have been in use for decades, but are fraught with controversy. Others, like the groundwater replenishment system in Orange Co., Calif., are relatively new and expensive, but promising.
According to many concerned with future water supply, whether as municipal utility officials or as developers, real estate professionals, and citizens, we need to pay close attention to climate change projections. “Most of the really important impacts of climate change are not going to come directly from temperature increases but because of changes to the water cycle,” says Brad Udall, director of the Western Water Assessment at the University of Colorado and a member of a family known for its political and environmental achievements.