residing in hazard-prone areas would provide much needed financial revenue for the
program over time by increasing the size of the policy base.
As a complement to MYI, we suggest that banks provide mitigation loans to homeown-
ers for the purposes of investing in cost-effective risk-reduction measures. A bank would
have a financial incentive to provide this type of loan, since it is now better protected
against a catastrophic loss to the property. The general public will also benefit, because it
will be less likely to have large amounts of their tax dollars going for disaster relief.
11.5.4All-Hazards ...
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