08/20/2018
https://www.congress.gov...
"More than 8 years ago, Superstorm Sandy crashed onto New Jersey's shoreline, causing the greatest natural disaster in our State's history."
"If due to climate change these homes become uninsurable and unmarketable, the value of these homes and the wealth of homeowners is at risk."
"A large share of homeowners' wealth is locked up in their homes, and homeownership is the most important and accessible way to build wealth."
"New Jersey has lost $4.5 billion in home value since 2005, a time period covering Sandy, because of flooding related to sea level rises."