Urban mitigation opportunities

(a) Mitigation strategies Section 1361(d)(1) of the National Flood Insurance Act of 1968 (42 U.S.C. 4102(d)(1)) is amended— (1) in subparagraph (A), by striking and at the end; (2) in subparagraph (B), by striking and at the end; and (3) by inserting after subparagraph (B) the following: (C) with respect to buildings in dense urban environments, methods that can be deployed on a block or neighborhood scale; and (D) elevation of mechanical systems; and. (b) Mitigation credit Section 1308(k) of the National Flood Insurance Act of 1968 (42 U.S.C. 4015(k)) is amended— (1) by striking shall take into account and inserting shall— (1) take into account; (2) in paragraph (1), as so designated, by striking the period at the end and inserting; and; and (3) by adding at the end the following: (2) offer a reduction of the risk premium rate charged to a policyholder in an amount that is not less than 10 percent of that rate if the policyholder implements any mitigation method described in paragraph (1)..