Another measure that the City can assist residents with is helping to keep the cost of flood insurance as low as possible, by participating in the Community Rating System (CRS). The CRS is administered by the National Flood Insurance Program (NFIP), which offers discounts to property owners located in SFHAs, in exchange for certain requirements being met by the City. As responsible floodplain managers, the City has to continually maintain an index of floodplain management within SFHA activities that includes documentation of properties within SFHAs, percentages of land use, preservation of open space, tabulation of data to manage development away from SFHAs, mapping land uses in relation to SFHAs, and public outreach that is designed to educate residents and business owners; such as this webpage.
The City has received a CRS Class 9 rating. The floodplain management activities implemented by the City qualify it for a 5% discount in the premium cost of flood insurance for NFIP policies issued or renewed in Special Flood Hazard Areas on or after May 1, 2015. As the City improves in its tracking and documentation of floodplain management, the potential for increased savings for flood insurance policyholders improves as well.