🌊Final Flood Hazard Determinations and Their Impacts on Businesses
Final Flood Hazard Determinations
Summary
Flood hazard determinations, which may include additions or modifications of Base Flood Elevations (BFEs), base flood depths, Special Flood Hazard Area (SFHA) boundaries or zone designations, or regulatory floodways on the Flood Insurance Rate Maps (FIRMs) and where applicable, in the supporting Flood Insurance Study (FIS) reports have been made final for the communities listed in the table below. The FIRM and FIS report are the basis of the floodplain management measures that a community is required either to adopt or to show evidence of having an effect in order to qualify or remain qualified for participation in the Federal Emergency Management Agency's (FEMA's) National Flood Insurance Program (NFIP).
Agencies
- Homeland Security Department
- Federal Emergency Management Agency
Business Impact
$$$ - High
The text outlines final flood hazard determinations that impact businesses, particularly those in affected areas, as they influence flood insurance requirements under FEMA's National Flood Insurance Program, which businesses must comply with to mitigate risks.