🌊Flood Hazard Determinations Impacting Business Compliance and Risk
Changes in Flood Hazard Determinations
Summary
New or modified Base (1-percent annual chance) Flood Elevations (BFEs), base flood depths, Special Flood Hazard Area (SFHA) boundaries or zone designations, and/or regulatory floodways (hereinafter referred to as flood hazard determinations) as shown on the indicated Letter of Map Revision (LOMR) for each of the communities listed in the table below are finalized. Each LOMR revises the Flood Insurance Rate Maps (FIRMs), and in some cases the Flood Insurance Study (FIS) reports, currently in effect for the listed communities.
Agencies
- Homeland Security Department
- Federal Emergency Management Agency
Business Impact
$$$ - High
The notice establishes new flood hazard determinations impacting compliance and insurance requirements for businesses in affected areas. This includes the adoption of floodplain management measures crucial for eligibility in the National Flood Insurance Program, directly influencing financial risk and operational decisions for property owners.