🌊Impact of Proposed Flood Hazard Determinations on Businesses
Proposed Flood Hazard Determinations
Summary
Comments are requested on proposed flood hazard determinations, which may include additions or modifications of any Base Flood Elevation (BFE), base flood depth, Special Flood Hazard Area (SFHA) boundary or zone designation, or regulatory floodway on the Flood Insurance Rate Maps (FIRMs), and where applicable, in the supporting Flood Insurance Study (FIS) reports for the communities listed in the table below. The purpose of this notice is to seek general information and comment regarding the preliminary FIRM, and where applicable, the FIS report that the Federal Emergency Management Agency (FEMA) has provided to the affected communities. The FIRM and FIS report are the basis of the floodplain management measures that the community is required either to adopt or to show evidence of having in effect in order to qualify or remain qualified for participation in the National Flood Insurance Program (NFIP).
Agencies
- Homeland Security Department
- Federal Emergency Management Agency
Business Impact
$$ - Med
The proposed flood hazard determinations by FEMA will directly affect compliance and regulatory requirements for businesses in flood-prone areas, particularly those participating in the National Flood Insurance Program (NFIP). Businesses must understand their flood risk and ensure compliance with any updated requirements, potentially impacting operational costs and planning.