Wednesday, January 30, 2013
New flood maps a rude awakening
From the Daily News:
A whopping 35,000 city homeowners whose dwellings were lashed by Hurricane Sandy will now be forced to raise their houses by several feet or face skyrocketing flood insurance premiums.
The federal government Monday added the startling number of buildings to its flood danger zone maps for Brooklyn, Queens, Staten Island and Westchester County, exposing homeowners to new building codes, shrinking property values and other painful costs.
People whose homes are in the flood zone will have two years to elevate their buildings to protect them from surging seawater or begin to face huge spikes in their flood insurance premiums.
The increased premiums will be phased in over several years once the maps are adopted — likely in 2015.
Chunks of southern Brooklyn, the Rockaways and Staten Island not previously labeled at risk were added to flood zones on the new maps. Maps for Manhattan and the Bronx are due out next month.
Check them out here: region2coastal.com