2015-10-06 P & Z Packet - Laserfiche WebLink

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-.F: Y' Janesville,Wisconsin, 2008 When must a community adopt the new or revised What happens if a community does not adopt the flood hazard data? appropriate floodplain management regulations Your community must amend its existing floodplain during the six-month adoption period? management regulations or adopt new regulations before If a community does not adopt new floodplain the effective date of the FIRM and FIS report, which is management regulations or amend its existing regulations identified in the LFD. The LFD initiates the six-month before the effective date of the FIRM and FIS report, the adoption period. community will be suspended from the NFIP. Communities are encouraged to adopt the appropriate The following sanctions apply if a community is floodplain management regulations as soon as possible suspended from the NFIP: after the LFD is issued. The adopted regulations must be -Property owners will not be able to purchase NFIP submitted to FEMA or the State and be approved by FEMA flood insurance policies and existing policies will not before the effective date of the FIRM and FIS report. be renewed. FEMA will send two letters notifying the community that - Federal grants or loans for development will not it must have approved floodplain management regulations be available in identified flood hazard areas under in place before the effective date of the FIRM. The first programs administered by Federal agencies such as letter is a reminder letter and is sent to the community the Department of Housing and Urban Development, 90 days before the effective date. The second letter is sent the Environmental Protection Agency, and the Small to the community 30 days before the effective date of Business Administration. the FIRM. This letter is FEMA's final notification that the community will be suspended from the NFIP if it does - Federal disaster assistance will not be provided to not adopt the FIRM before the effective date. Notice of repair insurable buildings located in identified flood the suspension is also published in the Federal Register. hazard areas for damage caused by a flood. If the community adopts or amends its floodplain -Federal mortgage insurance or loan guarantees will not management regulations prior to the effective date of be provided in identified flood hazard areas such as the FIRM and FIS report and the FEMA Regional Office those written by the Federal Housing Administration approves the community's regulations, the suspension and the Department of Veteran Affairs. will not go into effect and the community will remain - Federally insured or regulated lending institutions, eligible for participation in the NFIP. such as banks and credit unions, are allowed to Adoption of Flood Insurance Rate Maps by Participating Communities 5