NCFL congressman introduces Residential Recovery Zone Act

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Fla. (WCJB) -

Former FEMA Director Craig Fugate says Florida leaders need to be thinking more long term when it comes to hurricanes. (NOAA)

North Central Florida Congressman Neal Dunn has introduced the Residential Recovery Zone Act in an effort to help disaster victims.

The bill allows for homeowners in designated "recovery zones" to receive a refundable homebuyer tax-credit of up to $8,000 if they buy a home within three years.

It would also allow banks to earn credit for giving loans to those who buy a home in a recovery zone.

Part of Congressman Dunn's district, which he represents as a member of the House, covers the Florida panhandle which was hit hard by Hurricane Michael.

Congressman Dunn says encouraging people to buy a home helps the local economy and makes it clear the Florida panhandle is "open for business."