Multifamily Industry Leaders Weigh in on the National Flood Insurance Program

Earlier this year, United States House Financial Services Subcommittee on Housing and Insurance held two hearings to address flood insurance and the National Flood Insurance Program (NFIP), including efforts to reform and reauthorize the program before its September 2017 expiration. In written comments submitted to lawmakers and on behalf of the multifamily industry, leaders of […]

Understanding the Occurrence of Flooding – What’s in a Name?

By now, given Mother Nature’s wrath over the past year, you’ve no doubt heard plenty of references to 100-year flood events, 500-year flood events and 1,000-year flood events. The description of flooding by the likelihood of occurrence in a geographic area is a predictive measure, commonly used by those in the scientific, emergency management and […]

Why Commercial Property Owners Cannot Pin Their Hopes on Flood Insurance Parity

In 2014, U.S. Representative David Jolly (R-FL) introduced the Flood Insurance Premium Parity Act of 2014. The legislation, known as H.R. 4313, resulted largely from the omission of commercial property and secondary homes from the Homeowners Flood Insurance Affordability Act, which provided relief from the sweeping reforms of the Biggert-Waters Flood Insurance Reform Act of […]

A Small Business Property Owner and the Bureaucratic Red Tape of FEMA

This is a cautionary tale of the bureaucratic red tape for commercial property owners subject to the imposition of flood insurance requirements. It is a story we are following out of Snohomish County, Washington. It can happen anywhere due to the Federal Emergency Management Agency’s (FEMA) updated policies requiring buildings in flood zones to comply […]

New Jersey’s Flood Hazard Compliance Confusion and Why it Matters

Scott Gurian of New Jersey Public Radio put together an interesting report, NJ Flood Zone Building Rules Conflict with FEMA, that should raise the ire of every property owner across the country. The confusing inconsistencies in standards at the intersection of local and national floodplain management provide little, if any, comfort particularly to those with […]