what is floodplain mitigation assistance?
The FMA program is authorized by Section 1366 of the National Flood Insurance Act of 1968, as amended with the goal of reducing or eliminating claims under the National Flood Insurance Program (NFIP). FMA provides funding to States, Territories, federally-recognized tribes and local communities for projects and planning that reduces or eliminates long-term risk of flood damage to structures insured under the NFIP. FMA funding is also available for management costs. Funding is appropriated by Congress annually.
Below is a flow chart showing the eligibility process for receiving FMA assistance...
where do we come in?
PARE Consultants has experience appraising dozens of flood-damaged properties in the communities of Viola, La Farge, Reedsburg and Rock Springs, Wisconsin.
During this process, we're sometimes asked to appraise the property in its condition prior to the flooding event. It is important that you gather any photos you may have showing the condition of the home prior to the event. This will help us better understand what the home was like.