The city and the Federal Emergency Management Agency (FEMA) have reconsidered a designated flood plain area east of Scottsdale Road, from roughly Deer Valley to Happy Valley. Better flood modeling techniques and improvements in infrastructure led to FEMA dropping the requirement that about 800 property owners have flood insurance. Flood insurance policies cost several hundred to several thousand dollars per year, so the eased requirement will result in significant savings – and hopefully make the homes more easy to sell. Its not all good news however, because some other homes nearby were placed inside the flood insurance map boundaries. Contact me if you want to know if your home is affected.
