; 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). . (c) Coverage for cooperatives (1) In general Section 1306 of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4013 ) is amended by adding at the end the following: (e) Cooperatives (1) Definition In this subsection, the term cooperative building has the meaning given the term in section 1312(d). (2) Equal treatment with condominiums Notwithstanding any other provision of law, an owner of a share of a cooperative building shall be eligible to purchase flood insurance coverage under the national flood insurance program on the same terms as a condominium owner. . (2) Payment of claims Section 1312 of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4019 ) is amended— (A) in subsection (c)— (i) in the subsection heading, by inserting and cooperative after condominium ; (ii) by inserting or owners of a share of a cooperative building after condominium owners ; and (iii) by inserting or cooperative association after condominium association each place that term appears