The nation's flood insurance program has repeatedly rebuilt some of the most flood-prone properties in the country, unintentionally setting a trap for owners of modest homes who would prefer to move out of harm's way, according to a new national report from the Natural Resources Defense Council (NRDC).
According to the NRDC, for every $100 the nation spends to rebuild homes with national flood insurance funds, the Federal Emergency Management Agency (FEMA) spends just $1.72 to better protect people by moving them to safer, less flood-prone land.
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