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<br /> a <br /> FLOOD HAZARD PRESS RELEASE <br /> Page 2 <br /> September X, 1993 <br /> i, <br /> Flooding comprises approximately 75 percent of all natural disasters in <br /> the United'States. Flood insurance was practically nonexistent until <br /> Congress pissed the National Flood Insurance Act of 1968. As a result of the <br /> Act, the NFIP was created, and the Federal Insurance Administration and FEMA <br /> began to cgnduct flood hazard studies across the nation to locate and map <br /> flood ha and areas. <br /> In x913, Congress passed the Flood Disaster Protection Act, which <br /> required flood insurance if a property owner desired any form of federal <br /> financial assistance to acquire or develop insurable structures within a <br /> special flood hazard area. This means that federal agencies such as the Farm <br /> Home Administration, the Veterans Administration, and the Small Business <br /> Administrhation cannot guarantee a loan for an uninsured building in a flood <br /> I <br /> hazard a ea. <br /> Theicity offers a free map determination service that can identify <br /> whether qr not property is located within a special flood hazard area. For <br /> more information about the map determination or about flood hazards, visit <br /> the city of Eugene Permit Information Center at 244 East Broadway, or call <br /> 687-5086. <br /> <br />