Transcript Pool Ripples
City Council Workshop March 27, 2014 Debbie Vascik, CFM Cahoon Consulting
CRS Introduction
Voluntary program that rewards communities for exceeding the minimum standards of the National Flood Insurance Program (NFIP) Three goals: Reduce and avoid flood damage to insurable property Strengthen and support the insurance aspects of the NFIP Foster comprehensive floodplain management Activity points and class ratings in exchange for discounts on flood insurance premiums
CRS Points
A community receives a CRS rating based on points earned through various activities Increments of 500 points per CRS rating Each rating translates to a percentage discount (5% to 45%) on flood insurance premiums for properties
inside
the floodplain and outside (5% to 10%) Galveston’s class 7 discount (15%/5%) will appear on policy statements beginning on May 1, 2014 Non-compliant structures (e.g., built below base flood elevation) will not get the discount
CRS Points
Credit Points Class
0 - 500 501 - 999 1,000 - 1,499 1,500 - 1,999 10 9 8 7 2,000 - 2,499 2,500 - 2,999 3,000 - 3,499 6 5 4 3,500 - 3,999 4,000 - 4,499 3 2 4,500 + 1
*Does not include Preferred Risk Policies
SFHA
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Non-SFHA*
0% 5% 5% 5% 10% 10% 10% 10% 10% 10%
CRS in the U.S.
1,269 CRS communities in the country
6% 16% 16% 37% 1% = Classes 4, 3, 2, 1 24%
As of 10/1/13
CRS in Texas
57 CRS communities in Texas
As of 10/1/13
City of Galveston Flood Insurance Policy Savings Class 9
(5%/5%)
8
(10%/5%)
7
(15%/5%)
6
(20%/10%)
5
(25%/10%)
4
(30%/10%)
3
(35%/10%)
2
(40%/10%)
1
(45%/10%)
Premiums in Force Premium Average Premium
Per Policy Per Community Per Policy Per Community Per Policy Per Community Per Policy Per Community Per Policy Per Community Per Policy Per Community Per Policy Per Community Per Policy Per Community Per Policy Per Community
TOTAL
16,641 $24,514,999 $1,473 $71 $1,186,592 $141 $2,350,085 $211 $3,513,578 $282 $4,700,170 $352 $5,863,663 $422 $7,027,156 $492 $8,190,649 $562 $9,354,142 $632 $10,517,635
SFHA*
14,255 $23,269,929 $1,632 $82 $1,163,493 $163 $2,326,986 $245 $3,490,479 $326 $4,653,972 $408 $5,817,466 $490 $6,980,959 $571 $8,144,452 $653 $9,307,945 $735 $10,471,438
X-STD**
596 $461,971 $775 $39 $23,099 $39 $23,099 $39 $23,099 $78 $46,197 $78 $46,197 $78 $46,197 $78 $46,197 $78 $46,197 $78 $46,197
PRP***
1,790 $783,099 $437 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
*Special Flood Hazard Area, or 100-year floodplain **Standard X-zone policy (e.g., structures in the X zone that have suffered losses, making them ineligible to maintain the PRP policy) ***The Preferred Risk Policy does not receive premium rate credits under the CRS because it already has a lower premium than other policies.
As of 3/20/14
CRS Participation
Prerequisites to join program and to achieve classes 9, 6, 4, and 1 Four categories of activities: Public Information Activities (300 series) Mapping and Regulations (400 series) Flood Damage Reduction Activities (500 series) Warning and Response (600 series) Documentation subject to CRS specialist’s review Annual recertification required Reverification every 3 or 5 years, depending on class
Galveston CRS
Application started under the old
CRS Coordinator’s Manual
Application submittal and verification of points earned the City a class 7 (15% in, 5% out), equal to $3.5 million in savings to the community Galveston’s current class rating is good until 2018 (unless otherwise changed by the City)
Galveston CRS
Class 7 achieved through the following: Meeting program prerequisites Uniform Minimum Credit Coordination among several City departments Documentation of existing efforts by the City Minor changes to processes (e.g., handing out advice on contractors, maintaining a log for map information) Impact adjustment factors (e.g., determining acres of open space compared to whole floodplain area) Community Growth Adjustment (CGA) multiplier
Galveston CRS
CRS Activities
310 Elevation certificates (maintenance, availability) 320 Providing flood zone map information 330 Outreach to community/floodplain (letters mailed, Hurricane Preparedness Guide) 340 State laws on hazard disclosure in real estate documents 350 Flood protection information in League City library and on Galveston website 360 City staff providing assistance to property owners 420 Open space preservation in floodplain and deed restrictions 430 Building code adoption, BCEGS, staff certification 440 Maintenance of FIRMs, usage of GIS-based maps to enhance accuracy 450 Freeboard in non-floodplain areas 510 Hazard Mitigation Plan 520 Acquisition of 20 buildings from the floodplain (RL and SRL) 610 Emergency Operations Plan (flood warning), StormReady 630 State of Texas dam safety program
TOTAL Points
56 140 182 15 60 3 133 201 139 23 190 200 125 46
1,513
Galveston CRS – Moving Forward
Current class 7 must be in effect for one year before a change can be made Transition to new
CRS Coordinator’s Manual
Prerequisites for classes 6, 4, and 1 Reduction in CGA for Galveston – 1.15 to 1.08
New and/or revised activities including Program for Public Information Big changes in points across the board (both increases and decreases –
see handout
)
Class Prerequisites
Class 6 Building Code Effectiveness Grading Schedule of 5/5 Class 4 Building Code Effectiveness Grading Schedule of 4/4 Credit for the following activities: At least 100 points for a freeboard requirement At least 700 points for open space preservation and other elements of activity 430 (besides freeboard) At least 90 points for a watershed management plan At least 30 points for managing the runoff from all storms up to and including the 100-year event
Class Prerequisites
Class 4 continued… Additional activities: Documentation that at least 50% of the watershed area where future growth is expected is covered by one or more credited watershed management plans A floodplain management plan or hazard mitigation plan that receives at least 50% of the maximum points. The 50% must include at least 50% of the points in the following planning steps: Involving the public Assessing the problem Drafting an action plan
Class Prerequisites
Class 4 continued… Additional activities: At least 100 points from one or more of the 10 activities that credit protecting natural floodplain functions (activities 420, 430, 440, 450, 510) Credit for Flood Warning and Response (activity 610) including a map of all levees and areas protected by levees, inventory of building and critical facilities if levees were overtopped, description and map of dam failure threat A community may propose alternative approaches to these prerequisites to fit local conditions
Class Prerequisites
Class 1 Must meet all class 4 prerequisites Community Assistance Visit conducted by FEMA within the previous 12 months Promote flood insurance At least 50% of the buildings in the floodplain covered by a flood insurance policy; or At least 50% of the maximum points for Flood Insurance Promotion (activity 370)
Class Prerequisites
Class 1 continued… “No adverse impact” approach to floodplain management – the action of one property owner does not adversely affect the flood risks for other properties as demonstrated by the following: At least 150 points under open space incentives and development limitations to demonstrate regulations discouraging development in the floodplain All new critical facilities must be protected to the 500-year flood level Credit for all special flood-related hazards identified in the FMP or HMP (activity 510) – hazards must be mapped and have enforced regulations
Class Prerequisites
Class 1 continued… Regulations enforcing V zone standards in coastal A zones Regulating that flood elevations in the V zones and coastal A zones reflect future conditions, including sea level rise Credit for regulating new development in areas subject to erosion At least 25% of the repetitive loss properties have been mitigated (i.e., acquisition, retrofitting, or structural flood control projects) (362 RLs – 25% is 95)
Class Prerequisites
Class 1 continued… Multi-hazard mitigation plan approved by FEMA At least 150 points from one or more of the 10 activities that credit protecting natural floodplain functions (activities 420, 430, 440, 450, 510) Some credit for mapping and identified levees and inventory of facilities affected by overtop Some credit under all of the elements in activity 630 (dams) – mapped, identified, inventoried A community may propose alternative approaches to these prerequisites to fit local conditions