National Flood Insurance Program Policyholder Protection Act of 2017

[AI summary unavailable — showing source text] National Flood Insurance Program Policyholder Protection Act of 2017 This bill amends the National Flood Insurance Act of 1968 to limit the flood insurance premium for a residential property having four or fewer residences to no more than $10,000 a year, subject to adjustments for future inflation. In determining premium rates, the Federal Emergency Management Agency (FEMA) shall offer a rate reduction if policyholders implement specified flood damage mitigation methods. Mitigation techniques that qualify for a rate reduction include methods that can be utilized on a block or neighborhood scale, and the elevation of mechanical systems. FEMA shall conduct a study of the feasibility of providing coverage for individual units in cooperative housing projects.…