Easier rebuilds for homeowners
The decision is connected to the
Typically, when the cost of home improvements or damage repairs for a five-year period exceeds 50% of a home's market value, the structure must be rebuilt to conform to current flood regulations.
That may involve raising the home or using flood-resistant materials.
This means that the Building Division of the
This change is effective immediately, though it will be formally ratified by the
For the home value calculation
The 50% rule It is meant to reduce the impact on federal taxpayers by limiting constant rebuilding on flood prone properties.
About 600 homeowners who live north of the
To meet federal guidelines for homeowners to qualify for policies under the National Flood Insurance Program, county and municipal governments cannot issue building permits to homes in special flood zones when repair costs exceed 50% of a home's market value until the property owners raise their homes so that flood waters are less likely to cause damage in the future.
Waiving the five-year cumulative substantial improvement requirement is one action local governments can take to ease the burden on those seeking to rebuild. Access to the current


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