Regulations for companies and homeowners using federal funds for projects in flood-prone areas will push construction projects to higher ground.
The new regulations recently released by the Federal Emergency Management Agency require building on higher ground, up to two feet higher than the 100-year floodplain, according to the Wall Street Journal.
“This is ensuring that when federal investments are made, we will rebuild higher and stronger,” Roy Wright of FEMA told the newspaper.
Some business groups have expressed concern about the potential rise in costs for builders.
The regulations offer three options:
· build two feet above the 100-year floodplain
· build to the 500-year floodplain
· or use the best scientific models that show flood records and other data.
A comment period on FEMA’s proposed regulations is open through Oct. 21.
Read the full story at WSJ.com.
