T HE C OMMUNITY R ATING S YSTEM (CRS) Voluntary NFIP program offers - - PowerPoint PPT Presentation

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T HE C OMMUNITY R ATING S YSTEM (CRS) Voluntary NFIP program offers - - PowerPoint PPT Presentation

Mar 31, 2024 96 likes •281 views

May 19, 2015 L OCAL G OVERNMENT S OLUTIONS : T HE NFIP C OMMUNITY R ATING S YSTEM Mary-Carson Stiff, Director of Policy, Wetlands Watch Roy Hoagland, Director, Virginia Coastal Policy Center, W&M Law Closing the Deal: How to respond to the

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LOCAL GOVERNMENT SOLUTIONS:

THE NFIP COMMUNITY RATING SYSTEM

Mary-Carson Stiff, Director of Policy, Wetlands Watch Roy Hoagland, Director, Virginia Coastal Policy Center, W&M Law

Closing the Deal: How to respond to the new realities of flood insurance

May 19, 2015

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THE COMMUNITY RATING SYSTEM (CRS)

  • Voluntary NFIP program offers discounts on

flood insurance to reward good floodplain management within a community

  • Various activities to

improve floodplain management/earn credit

  • Administered by “community” = government

division with land use authority (locality)

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CRS RATING TABLE

Class ¡ Points ¡ Premium ¡Reduc2on ¡ 1 ¡ 4500+ ¡ 45% ¡ 2 ¡ 4000-­‑4499 ¡ 40% ¡ 3 ¡ 3500-­‑3999 ¡ 35% ¡ 4 ¡ 3000-­‑3499 ¡ 30% ¡ 5 ¡ 2500-­‑2999 ¡ 25% ¡ 6 ¡ 2000-­‑2499 ¡ 20% ¡ 7 ¡ 1500-­‑1999 ¡ 15% ¡ 8 ¡ 1000-­‑1499 ¡ 10% ¡ 9 ¡ 500-­‑999 ¡ 5% ¡ 10 ¡ 0-­‑499 ¡ 0% ¡

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CRS ACTIVITY EXAMPLES

  • Public Information
  • Outreach, hazard disclosure
  • Mapping and Regulations
  • Open space preservation, stormwater

management regulations, GIS

  • Flood Damage Reduction
  • Acquisition/relocation, mitigation, floodplain

management planning

  • Warning and Response
  • Flood emergency management, dams, levees
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VIRGINIA AND THE CRS

  • 23 participating VA communities
  • Class 5: City of Alexandria
  • In 2013, 55,000 policyholders in VA

saved $3 million in premium costs

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VIRGINIA AND THE CRS

Source: ¡Federal ¡Emergency ¡Management ¡Agency ¡

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CRS COST SAVINGS: GLOUCESTER (CLASS 7)

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CRS COST SAVINGS: MATHEWS (NOT IN CRS)

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LOCAL GOVERNMENTS SHOULD JOIN THE CRS

  • Why local governments decide not to join CRS
  • Staff time & local government $$ to join and remain in

CRS

  • Local government doesn’t benefit financially from CRS
  • Why they should join
  • Protecting health, safety, & welfare of citizens
  • Benefits of disaster clean up, which saves taxpayers $
  • Every $1 spent on disaster mitigation saves $4 in disaster clean up
  • Adopting a program that hits citizens’ pocketbooks
  • Locality owned buildings with NFIP policies receive

reductions just like private businesses & homeowners

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CRS ACTIVITY EXAMPLE #1: FREEBOARD SAVES $$$

  • Requiring new buildings are built to a safe height

(freeboard) – written into local government ordinance

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CRS ACTIVITY EXAMPLE #1: REGIONAL FREEBOARDS

Local ¡ Government ¡ Freeboard ¡ Ordinance ¡

Cape Charles 1 Foot Richmond 1 Foot Southampton County 1 Foot Newport News 1 Foot (proposing 2) Chesapeake 1.5 Feet Isle of Wight County 1.5 Feet Lancaster 1.5 Feet Portsmouth 1.5 Feet (proposing 3) Accomack County 2 Feet Chincoteague 2 Feet Gloucester 2 Feet James City County 2 Feet

Local ¡ Government ¡ Freeboard ¡ Ordinance ¡

Northumberland County 2 Feet Roanoke 2 Feet Virginia Beach 2 Feet Hampton 3 Feet Norfolk 3 Feet Poquoson 3 Feet Wachapreague 3 Feet York County 3 Feet Franklin

At Base Flood Elevation

Mathews County

At Base Flood Elevation

Suffolk

At Base Flood Elevation

Williamsburg

At Base Flood Elevation

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CRS ACTIVITY EXAMPLE #2: STRUCTURAL MITIGATION

Installing flood vents Elevating structures

Source: www.FEMA.gov

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CRS ACTIVITY EXAMPLE #3: REAL ESTATE FACT SHEET

Source: http://www.fema.gov/media-library- data/1382362442920- b8a016eaf474352c98d54787df1ab79 5/ F696_RealtorFactSheet_508C.PDF

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UPDATE TO VA RESIDENTIAL DISCLOSURE LAW

  • HB 1642 / SB 775 - Virginia Residential Property Disclosure

Act; representations related to special flood hazard areas

  • Reinforces “buyer-beware” mentality
  • Requires that the seller of property make “no representations

with respect to whether the property is located in one or more special flood hazard areas and purchasers are advised to exercise whatever due diligence they deem necessary…”

  • Language will likely be included on the standard waiver

form included in standard real estate transaction closing packet

  • More info:
  • http://lis.virginia.gov/cgi-bin/legp604.exe?151+sum

+HB1642

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VIRGINIA COASTAL POLICY CENTER: CRS REVIEW

  • VCPC Partnership with the Virginia Department
  • f Conservation and Recreation
  • Students reviewed locality floodplain ordinances &

identified areas local governments could receive potential CRS credit

  • Students wrote white paper on two major CRS

programs where local governments could receive credits (stormwater and open space)

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VIRGINIA COASTAL POLICY CENTER: CRS REVIEW

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¡

QUESTIONS?

Mary-Carson Stiff, Director of Policy, Wetlands Watch: mc.stiff@wetlandswatch.org Roy Hoagland, Director, Virginia Coastal Policy Center, W&M Law rahoagland@wm.edu