🌊Impact of Flood Hazard Determinations on Businesses
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 document involves regulatory flood hazard determinations that affect real property ownership and insurance requirements related to the National Flood Insurance Program (NFIP). Businesses operating in affected areas must comply with updated floodplain management measures to maintain eligibility for flood insurance, impacting financial and operational planning.