🌊Changes in Flood Hazard Determinations Impacting 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
$$ - Med
The regulatory changes in flood hazard determinations directly affect compliance requirements for businesses in flood-prone areas. New or modified flood elevations and hazard maps elevate the importance for business owners to review flood insurance needs and adhere to local floodplain management regulations for insurance program participation.