Pursuant to 44 C.F.R. § 59.1, a structure is substantially damaged when it has been damaged in excess of a cost that equals or exceeds 50 percent of the market value of the structure.
What is Florida's 50% rule?
FEMA's 50% rule prohibits repairs and improvements on damaged homes exceeding 50% of their market value unless the entire residential structure is brought up to the most current floodplain management regulations. On this page, we have brought together in one place all the information and FAQs about the 50% Rule.
What is the 50 percent rule after Hurricane Ian?
The federal rule prohibits improvements to hurricane-damaged homes exceeding 50% of their market value unless the entire structure is updated to meet current building codes.
What is the 50 50 rule on Sanibel Island?
What defines a substantial damage?
What is Substantial Damage? If the repairs needed to bring a structure to its pre-damage condition will equal or exceed 50% of the market value of the structure (not including the value of the land), the structure is considered to be Substantially Damaged.
How often does FEMA publish changes?
FEMA is required to review a community's flood maps every five years. The agency must then decide whether to update or change them. FEMA must also tell Congress every month about any planned changes to community flood maps.