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Flood Insurance
National Flood Insurance Program (NFIP)
The Town of Vienna participates in the National Flood Insurance Program (NFIP). The NFIP makes federally backed flood insurance available for all buildings, whether they are in a floodplain or not. Flood insurance covers direct loss caused by surface flooding, including a river flowing over its banks, a lake or ocean storm, and local drainage problems.

NFIP provides two types of coverage - structural and content.Structural coverage is for the walls, floors, insulation, furnace, and other items permanently attached to the structure. Content coverage may be purchased separately provided the contents are in an insurable building.

Mandatory Purchase Requirement
The mandatory purchase requirement applies to all forms of federal or federally related financial assistance for buildings located in a special flood hazard area. This requirement affects loans and grants for the purchase, construction, repair, or improvement of any publicly or privately owned building in special flood hazard areas, including machinery, equipment, fixtures, and furnishings contained in such buildings.

Financial assistance programs impacted include loans and grants from agencies such as:
  • Department of Veterans Affairs
  • Farmers Home Administration
  • Federal Emergency Management Agency
  • Federal Housing Administration
  • Small Business Administration

The requirement also applies to secured mortgage loans from financial institutions, savings banks, and credit unions that are regulated, supervised, or insured by federal agencies such as the Federal Deposit Insurance Corporation and Office of Thrift Supervision. It also applies to all mortgage loans purchased by Fannie Mae or Freddie Mac in the secondary mortgage market.

View additional details on how special flood hazard areas affect financial assistance.