- Elevation standards for new construction would be increased
- Floodplain management standards for critical facilities would be changed
- Restrictions on floodway development would be strengthened
- Future conditions and residual risk in floodplain management would be integrated
- Fill in floodplains would be discouraged, and
- The impacts of floodplain development on the natural and beneficial functions of floodplains to include endangered and threatened species would be taken into account.
The NFIP was created by the National Flood Insurance Act of 1968. Under the Federal program, property owners in NFIP participating communities may purchase insurance as a protection against flood losses in exchange for State and community adoption and implementation of land use criteria that reduce future flood damages. In addition to providing flood insurance and reducing flood damages through floodplain management regulations, the NFIP identifies and maps the Nation’s regulated floodplains. FEMA contends that mapping flood hazards creates a "broad-based awareness of flood hazards and provides data needed for floodplain management programs and to actuarially rate new construction for flood insurance." Additional information about FEMA's NFIP Reform effort can be found at this FEMA web site.