Revised flood zone maps for NYC will make people, with federal backed mortgages, buy flood insurance.

New York City in Talks with FEMA to Redraw Flood Zones to Match Climate Change

The Federal Emergency Management Agency and New York City officials are currently in talks about redrawing the city's flood zone maps in accordance with climate change developments for the first time since the 1980s. The last time that the city's Flood Insurance Rate Maps, or FIRMs-which outline areas that are at high risk for flooding-were updated was in 1983, according to the city.

 From article, (The Federal Emergency Management Agency and New York City officials are currently in talks about redrawing the city’s flood zone maps in accordance with climate change developments for the first time since the 1980s.

The last time that the city’s Flood Insurance Rate Maps, or FIRMs—which outline areas that are at high risk for flooding—were updated was in 1983, according to the city. Those maps are created through a mapping process that considers factors such as topography and the types and strength of storms that have historically affected the region.

Property owners with federally-backed mortgages on buildings in high-risk areas on the maps have to buy flood insurance.

The revisions will assist NYC in making coastlines more resilient and climate ready while ensuring homeowners are not required to purchase more insurance than their current flood risk requires,” Bavishi said in a statement.)