Common use of Flood Hazards Clause in Contracts

Flood Hazards. The Grantee certifies neither the Development nor any property identified in the Revitalization Plan for replacement housing is located in an area identified by the Federal Emergency Management Agency (FEMA) as having special flood hazards. HUD has relied on this certification in executing the Grant Agreement in order to comply with the Flood Disaster Protection Act of 1973 (42 U.S.C. §§ 4001-4128). The Grantee will also ensure that no property that is hereafter identified for replacement housing will be in an area identified by FEMA as having special flood hazards, unless: (a) the community in which the replacement housing is situated is participating in the National Flood Insurance Program (see 44 CFR parts 59 through 79), or less than one year has passed since FEMA notification regarding such hazards; and (b) flood insurance is obtained as a condition of approval of any demolition or disposition application.

Flood Hazards. The Grantee certifies neither the Development nor any property identified in the Revitalization Plan for replacement housing is located in an area identified by the Federal Emergency Management Agency (FEMA) as having special flood hazards. HUD has relied on this certification in executing the Grant Agreement in order to comply with the Flood Disaster Protection Act of 1973 (42 U.S.C. §§ 4001-4128). The Grantee will also ensure that no property that is hereafter identified for replacement housing will be in an area identified by FEMA as having special flood hazards, unless: (a) the community in which the replacement housing is situated is participating in the National Flood Insurance Program (see 44 CFR parts 59 through 79), or less than one year has passed since FEMA notification regarding such hazards; and (b) flood insurance is obtained as a condition of approval of any demolition or disposition application.

Flood Hazards. The Grantee certifies neither the Development nor any property identified in the Revitalization Plan for replacement housing is located in an area identified by the Federal Emergency Management Agency (FEMA) as having special flood hazards. HUD has relied on this certification in executing the Grant Agreement in order to comply with the Flood Disaster Protection Act of 1973 (42 U.S.C. §§ 4001-4001- 4128). The Grantee will also ensure that no property that is hereafter identified for replacement housing will be in an area identified by FEMA as having special flood hazards, unless: (a) the community in which the replacement housing is situated is participating in the National Flood Insurance Program (see 44 CFR parts 59 through 79), or less than one year has passed since FEMA notification regarding such hazards; and (b) flood insurance is obtained as a condition of approval of any demolition or disposition application.