Green River Star -

Notes from Town Square: Flood questions and answers

 

March 22, 2017



The National Flood Insurance Program (NFIP) was created in 1968 with the passing of the National Flood Insurance Act for the purposes of: guiding development away from flood hazard areas; requiring stricter construction standards for new and substantially improved buildings to minimize flood damage; transferring the cost of flood losses from the entire tax paying community to floodplain property owners through flood insurance premiums; and, providing aid to property owners after floods (including smaller flooding events which do not warrant federal disaster aid).

The NFIP is a mutual agr...



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