National Flood Insurance Program (NFIP)
Overview
National Flood Insurance is mandatory for EACH building located in designated 100 Year Flood Zones known as Zones A and V.
Flood Premiums are based on the Flood Limits versus Building Values
Building information required for rating:
. Base Flood Elevation (BFE)
. Lowest Floor Elevation
. Basement Level or No Basement
. Number of Floors
. 1-4 Family Building versus Other Residential and Non-Residential
Base Flood Elevation Certificate
It is required to certify the lowest floor (reference level) of the building so the policy can be properly rated. The certificate allows NFIP to apply actuarial rates based on degree of risk reflected by the Flood Insurance Rate Map (FIRM). In the event the certificate is NOT properly completed, the policy cannot be issued using actuarial rates.
A certificate is required for all post-FIRM structures built on or after the publication of the initial FIRM or 12/31/1974, whichever is later, for risks located in flood zones A1-A30, AE, AH, V1-V-30, VE and unnumbered A and V.
The certificate is to be completed by a registered land surveyor, engineer, or architect who is authorized by state or local law to certify elevation information.
Download printable copy of NFIP. 
Featured Project: Seneca SRO
This $15 million project exemplifies both collaboration and creative financing that addresses a dire housing shortage in Buffalo, N.Y. Developed by two organizations with stellar track records -- DePaul Group and STEL -- in providing supportive housing for persons living with psychiatric disabilities and other special needs populations, the 75-unit Seneca SRO was built upon the former site of an asbestos-ridden bowling center, and it is one of the first projects to leverage tax credits and private debt with OMH funding.
View project profile.
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