wNFIP – provides federally-backed flood
insurance to participating communities
wHouston – in NFIP since 1973
wCommunity rating system (CRS), created in 1990,
encourages community participation
wCRS – premium rates are adjusted by class (1 –
10)
wReduced
premiums in floodplain:
w Class 9 – 5%; Class 8 – 10%; Class 7 – 15%
w