USA - Sen. Peters Sponsors Legislation Helping Shoreline Communities
New loan program helps communities reduce shoreline erosion risk
WASHINGTON — Legislation sponsored by Michigan Senators Gary Peters and Debbie Stabenow that would help shoreline communities address rising water levels and erosion passed the Senate this past week.
The Safeguarding Tomorrow through Ongoing Risk Mitigation Act would allow the Federal Emergency Management Agency to fund and help states establish revolving loan funds that local governments can use to carry out mitigation projects and reduce natural disaster risk.
The bill is also co-sponsored by senators Rob Johnson, R-Wis., and James Lankford, R-Okla.
Unlike existing FEMA grants, these low-interest loans allow local governments to invest in resiliency and mitigation projects that would help reduce the loss of life and property, the cost of insurance, and disaster recovery payments. They would also reach communities faster than traditional FEMA grants.
“Michigan’s communities around the Great Lakes continue to be threatened by rising water levels, coastal erosion, and flooding that are wreaking havoc on people’s lives and causing damage to public and private property,” Peters said in a statement. “I am committed to ensuring that Michiganders and our beautiful coastlines are protected.”