Fargo, N.D’s acting mayor says the Federal Emergency Management Agency has moved to continue to allow homeowners to have basements in the city’s new floodplain.
FEMA is responsible for the National Home Insurance Program and does not always allow basements in homes that are within a floodplain. Fargo has been exempted from the ban for decades, but a new recently issued floodplain map required a renewal of that exemption.
KFGO-AM reports the exemption has allowed homeowners in the floodplain who have flood-proofed basements to keep their flood insurance premiums low. City leaders say premiums could have increased to up to $12,000 per household if the exemption hadn’t been renewed.
Acting Mayor Tim Mahoney says the renewal came after a “big fight” between city officials and FEMA.
Was this article valuable?
Here are more articles you may enjoy.
Trump Says Illegal Immigration Increased Car Insurance but Experts Say Otherwise 
Mississippi Insurance Dept. Top Examiner Named in $90M Credit Union Theft Suit 
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In 
IMA Latest to Sue Howden Over Alleged Employee Poaching 
