Update on National Flood Insurance Program (FEMA 2.0)

The Board of Directors of First Colony Levee Improvement District No. 2 wants all of the residents of The Commonwealth to be aware that Congress is considering changes to the National Flood Insurance Program (“NFIP”) that could have a significant impact on what you pay for flood insurance.

Currently, the NFIP provides low-cost flood insurance to communities like The Commonwealth which are located outside the 100-year flood plain as determined by FEMA. The NFIP has been losing money for years, and FEMA has launched a program (“FEMA 2.0”) to more accurately determine which areas are likely to flood than others, with the intent to charge higher insurance rates to those who live in more flood-prone areas.

The concern of the Board is that some portions of the country are protected by agricultural levees, or levees which are not inspected and certified by FEMA as our levee is, and that in determining risk assessment and insurance premiums, FEMA may not differentiate between areas like The Commonwealth and communities with these other types of levees.

Our Board has written a letter to each Congressperson representing the District, a copy of which is on the website, and we encourage everyone in The Commonwealth to do the same.

We understand that individual letters are more effective than form letters, but please feel free to copy the text of our letter if it is easier for you – the important thing is for our congressional representatives to hear from as many of you as possible.

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