FEMA Reinstates Federal Flood Risk Standards
The Federal Emergency Management Agency (FEMA) on Aug. 27 announced a new interim policy to partially implement the Federal Flood Risk Management Standards (FFRMS) that would require certain structures located in Special Flood Hazard Areas to conform to higher flood elevation standards if they use Hazard Mitigation Assistance (HMA) grant funds.
Although the FFRMS was reinstated through Executive Order 14030 Climate-Related Financial Risk, signed by President Biden on May 20, the interim policy — effective immediately — is the first step toward implementation.
While further actions are anticipated by FEMA and other agencies to fully implement FFRMS, the interim policy applies to certain projects funded through hazard mitigation grant programs. Specifically, the interim policy applies to Fiscal Year 2021 funding for the Building Resilient Infrastructure and Communities (BRIC) and Flood Mitigation Assistance (FMA) programs; the Hazard Mitigation Grant Program (HMGP) for any major disaster declared on or after Aug. 27 and assistance authorized for all 59 COVID-19 disaster declarations. In addition, it applies to HMGP Post Fire for any Fire Mitigation Assistance Grant (FMAG) declarations issued on or after Aug. 27.
The interim policy partially implements the FFRMS by requiring higher flood elevations for three types of actions — elevation, dry floodproofing and mitigation reconstruction — when done in the Special Flood Hazard Area. FEMA’s approach requires additional elevation (Base Flood Elevation plus 2 feet) except in situations where doing so would result in the project being unable to meet applicable cost-effectiveness requirements.
For more information on the Hazard Mitigation Assistance Grants, visit FEMA’s website.
Latest from NAHBNow
Mar 24, 2026
NAHB’s New Resource Shares Tools for Successful LeadershipBuilderBooks, the publishing arm of NAHB, recently released Frameworks for BOLD Leadership: Blueprints to Build Trust, Teams, and Legacy. The new title equips leaders at every level with tools to lead with clarity, conviction and credibility. The foreword was written by NAHB CEO Jim Tobin.
Mar 23, 2026
Best Year for Multifamily Missing Middle Construction Since 2007Although not a huge jump, 2025 featured the highest construction volume for multifamily missing middle housing starts since 2007. However, this subsector continues to underperform relative to its potential, due in part to zoning restrictions.
Latest Economic News
Mar 24, 2026
Almost Half of the Owner-Occupied Homes Built Before 1980Around 47% of the U.S. housing stock was built in the 1980s and earlier. The median age of owner-occupied homes climbed to 42 years old in 2024, up from 31 in 2005 according to the latest data from the American Community Survey.
Mar 23, 2026
Comparing New and Resale Prices: 4Q25In the fourth quarter of 2025, the median price for a new single-family home was $405,300, which was $9,600 lower than the median price of an existing home, which stood at $414,900.
Mar 23, 2026
Demolition Activity Slows Down But Remains Above Pre-Pandemic LevelsResidential demolition activity in 2025 declined 0.1% year-over-year but remained above pre-pandemic levels. According to NAHB analysis of data from Construction Monitor, permits pulled for residential demolition have been increasing since 2018, with the exception of 2020, when building-related activities broadly stalled.