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Witnesses back MVP+ trust fund, resilient-home grants and private flood-insurance framework
Summary
Environmental groups, coastal senators and insurers endorsed measures to fund municipal resilience (MVP+), fortify homes to reduce claims, and create a statutory private flood-insurance framework to expand options beyond the NFIP.
Multiple witnesses urged the committee to support proposals to expand funding and policy tools for climate resilience, private flood insurance and home hardening.
MVP+ (H.1310 / S.686): Mystic River Watershed Association and the Charles River Watershed Association urged creation of an MVP trust fund and formula funding for municipal resilience staffing so communities can plan year-round, avoid fiscal-year construction timing problems, and hire climate-resilience coordinators. "If MVP funding were held in a…
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