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1991
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1991
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8/25/2008 1:43:00 PM
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PW_Public_Affairs
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News Release
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PWA_Release_Date
1/1/1991
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<br /> r <br /> News Rele se Floodplain Management Program <br /> December 1991 <br /> Page 3 <br /> Alth ugh insurance was made available to those who voluntarily wanted <br /> it, it became apparent that property owners did not take advantage of the <br /> coverage. Many property owners nationwide still relied on disaster <br /> assistan a after major flooding occurred in 1972. In 1973, Congress again <br /> took action and passed the Flood Disaster Protection Act of 1973 that stated <br /> that flo d insurance was required if a property owner desired any form of <br /> federall related financial assistance to acquire or develop insurable <br /> structur s within a special flood hazard area. This requirement is still in <br /> effect t day. Federal agencies, such as the Farm Home Administration, <br /> Veterans Administration, and Small Business Administration cannot guarantee a <br /> loan for an uninsured building located is such an area. <br /> The city offers a free map determination service that can identify <br /> whether r not property is located within a special flood hazard area (as <br /> identifi d by the Federal Emergency Management Agency). For more information <br /> about a ap determination or about flood hazards, contact city of Eugene <br /> Engineer ng at the Permit and Information Center, 244 East Broadway or call <br /> 687-5086 <br /> <br />
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