🌊Changes in Flood Hazard Determinations and Business Compliance
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 text involves updated flood hazard determinations impacting businesses. These changes affect insurance policies, regulatory requirements for floodplain management, and may influence real estate values and development plans. Businesses must comply with new or existing flood mapping to maintain eligibility for the National Flood Insurance Program.