For many years, the physical boundaries and laws applicable to the nation’s floodplains were fairly static and of relatively little concern. For most property owners and local governments, being in the floodplain meant some occasionally odd, but manageable development restrictions. The last decade, however, has seen significant changes to the floodplain landscape – changes that are ongoing and which are significantly affecting the value, cost to own, and utility of floodplain properties.
VNF’s Molly Lawrence examines the history and key elements of the National Flood Insurance Program and how numerous and ongoing changes are affecting the way we think about and utilize floodplains. Read more in this issue of the Water Report.