![]() ![]() A part of that review has included working with members of Congress and other stakeholders regarding FEMA's approach to mapping flood hazards with respect to non-accredited levees. ![]() Read the full text of the HFIAA.įEMA has been engaged in a comprehensive review of its National Flood Insurance Program to identify reforms that will enable it to better address flood risks. This law repeals and modifies certain provisions of the Biggert-Waters Flood Insurance Reform Act, and makes additional program changes to other aspects of the program not covered by that Act. On March 21, 2014, President Obama signed the HFIAA into law. The Homeowner Flood Insurance Affordability Act Biggert-Waters had effectively removes grandfathering of flood policies for properties built post-May 1983, meaning that homeowners will be paying these increased premiums regardless of the fact they built to elevation standards in effect at the time of construction. FEMA would no longer recognize existing, functional levees and other flood control features and presented maps that assumed these features do not exist. Many properties were being remapped into flood zones for the first time. Charles Parish would have be severely affected, with some flood policies reaching outrageous and unaffordable prices due to the combined impact of these changes. Proposed changes to base flood elevations and flood zones contained in proposed FEMA Flood Insurance Rate Maps (FIRMs), along with the previous changes to the NFIP, had created conditions in which flood insurance rates would increase to actuarial costs over a period of five years after map adoption. Changes made in the Biggert-Waters Flood Insurance Reform Act of 2012 had threatened to harm the very citizens the program was designed to protect. The community of southern Louisiana supports a sustainable, fiscally responsible National Flood Insurance Program that protects the businesses and homeowners who built according to code and have followed all applicable laws. ![]()
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