Coastal Protection: New Maps, Flood Insurance Rules, and Property Disclosure.
This Act strengthens the protection of natural coastal barriers against storms and sea level rise. It mandates the creation of new maps for vulnerable areas and requires property sellers to disclose if a property is located within a federally restricted zone. While new construction in these zones will face limitations on federal financial aid, existing insured structures will retain eligibility for federal assistance.
Key points
Mandatory disclosure to prospective buyers/lessees that a property is located in a community affected by Coastal Barrier restrictions.
Existing insured structures in newly designated protected areas will maintain eligibility for federal financial assistance and flood insurance.
Launch of a pilot project to map additional coastal areas vulnerable to sea level rise, flooding, and erosion for potential future protection.
Clarification of exceptions allowing federal funding for emergency response and sustainable aquaculture operations (like shellfish farming).
Status:
Expired
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