The Biden administration’s proposed major overhaul to the National Flood Insurance Program, or NFIP, would drastically alter how Americans protect homes and businesses against flooding.
The administration recently announced 17 legislative proposals that would represent the biggest reform to the NFIP since the program’s inception. One change would be a nationwide disclosure law that would ensure that prospective homeowners and renters have a property’s flood history before signing a contract. Today, 21 states have no such law.
Another proposal would prevent NFIP from issuing any new insurance policies for commercial buildings no matter where they’re located or when they were built because FEMA says it wants to promote growth in the private flood insurance market. Americans hoping to build new homes on eroding beaches and other flood-prone areas would also have to look elsewhere for insurance.
Homeowners would have to go to private insurance companies, which typically charge more expensive insurance premiums. People who hold mortgages on properties that flood multiple times and require insurance payouts of at least $10,000 each time, could lose access to government insurance on their properties after the fourth claim.
The proposals must pass Congress to become law, but there is support from both sides of the political aisle with a view that the status quo is becoming financially unsustainable.
Related Stories
Codes and Standards | Sep 19, 2024
Navigating the intricacies of code compliance and authorities having jurisdiction
The construction of a building entails navigating through a maze of regulations, permits, and codes. Architects are more than mere designers; we are stewards of safety and navigators of code compliance.
Government Buildings | Sep 17, 2024
OSHA’s proposed heat standard published in Federal Register
The Occupational Safety and Health Administration (OSHA) has published a proposed standard addressing heat illness in outdoor and indoor settings in the Federal Register. The proposed rule would require employers to evaluate workplaces and implement controls to mitigate exposure to heat through engineering and administrative controls, training, effective communication, and other measures.
Codes and Standards | Sep 17, 2024
New California building code encourages, but does not mandate heat pumps
New California homes are more likely to have all-electric appliances starting in 2026 after the state’s energy regulators approved new state building standards. The new building code will encourage installation of heat pumps without actually banning gas heating.
Codes and Standards | Sep 17, 2024
ASHRAE’s first group of certified decarbonization professionals announced
ASHRAE recently announced its inaugural cohort of Certified Decarbonization Professionals (CDPs). Individuals who earned this designation demonstrate competency to assess, analyze, and develop effective and sustainable strategies to reduce or eliminate the life-cycle carbon footprint of buildings.
Education Facilities | Sep 16, 2024
Hot classrooms, playgrounds spur K-12 school districts to go beyond AC for cooling
With hotter weather occurring during the school year, school districts are turning to cooling strategies to complement air conditioning. Reflective playgrounds and roads, cool roofs and window films, shade structures and conversion of asphalt surfaces to a natural state are all being tried in various regions of the country.
Adaptive Reuse | Sep 12, 2024
White paper on office-to-residential conversions released by IAPMO
IAPMO has published a new white paper titled “Adaptive Reuse: Converting Offices to Multi-Residential Family,” a comprehensive analysis of addressing housing shortages through the conversion of office spaces into residential units.
Legislation | Sep 9, 2024
Efforts to encourage more housing projects on California coast stall
A movement to encourage more housing projects along the California coast has stalled out in the California legislature. Earlier this year, lawmakers, with the backing of some housing activists, introduced a series of bills aimed at making it easier to build apartments and accessory dwelling units along California’s highly regulated coast.
Office Buildings | Sep 6, 2024
Fact sheet outlines benefits, challenges of thermal energy storage for commercial buildings
A U.S. Dept. of Energy document discusses the benefits and challenges of thermal energy storage for commercial buildings. The document explains how the various types of thermal energy storage technologies work, where their installation is most beneficial, and some practical considerations around installations.
Office Buildings | Sep 5, 2024
Office space downsizing trend appears to be past peak
The office downsizing trend may be past its peak, according to a CBRE survey of 225 companies with offices in the U.S., Canada, and Latin America. Just 37% of companies plan to shrink their office space this year compared to 57% last year, the survey found.
Codes and Standards | Sep 3, 2024
Atlanta aims to crack down on blighted properties with new tax
A new Atlanta law is intended to crack down on absentee landlords including commercial property owners and clean up neglected properties. The “Blight Tax” allows city officials to put levies on blighted property owners up to 25 times higher than current millage rates.
