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The Natural Hazards Disclosure Act, under Sec. 1103 of the California Civil Code, [1] states that real estate seller and brokers are legally required to disclose if the property being sold lies within one or more state or locally mapped hazard areas. The law specifies that the six (6) required hazards be disclosed on a statutory form called the ...
If investor-owned properties increasingly dominate flood-prone areas, the region may see a shift in property values and community dynamics as fewer long-term residents choose to live in high-risk ...
Flood mitigation is a related but separate concept describing a broader set of strategies taken to reduce flood risk and potential impact while improving resilience against flood events. As climate change has led to increased flood risk an intensity, flood management is an important part of climate change adaptation and climate resilience.
A home in Gilchrist, Texas, designed to resist flood waters survived Hurricane Ike in 2008. In the fields of engineering and construction, resilience is the ability to absorb or avoid damage without suffering complete failure and is an objective of design, maintenance and restoration for buildings and infrastructure, as well as communities.
The commercial real estate industry faces an intensifying threat from flooding, which is likely to lead to billions of dollars in increasing costs, a new study
A closing disclosure is a legally-required, five-page statement of your final mortgage loan terms and closing costs. It contains details about your loan term, monthly payments, fees and other ...
Participation in the NFIP is based on an agreement between local communities and the federal government that states that if a community will adopt and enforce a floodplain management ordinance to reduce future flood risks to new construction in Special Flood Hazard Areas (SFHA), the federal government will make flood insurance available within the community as a financial protection against ...
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