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Congressman Pearce issued the following statement after the House passed H.R. 2901, the Flood Insurance Market Parity and Modernization Act, a bill that would clarify the Flood Disaster Protection Act to give consumers more options when purchasing flood insurance:

Santa Fe County, New Mexico, homeowners, business and residential renters and business owners who do not have flood insurance are encouraged to buy coverage now to get the best possible premiums before new flood insurance rate maps go into effect.

ALBUQUERQUE, NM - March 16, 2011 - (RealEstateRama) -- U.S. Representative Martin Heinrich (NM-1) fought to prevent potential increases in New Mexico homeowner’s insurance payments—and he won. There has been growing concern from local flood control management agencies and community members over a Federal Emergency Management Administration (FEMA) policy that treats uncertified flood control structures as if they don’t exist, which could force homeowners and small businesses to buy costly and in some cases unnecessary flood protection insurance

WASHINGTON, DC - October 5, 2010 - (RealEstateRama) -- U.S. Senator Jeff Bingaman today announced that New Mexico will receive $10.7 million to help struggling homeowners stay in their homes.