Floodplain Management

National Flood Insurance Program

In 1971, the City of Key West joined the National Flood Insurance Program (NFIP), administered by the Federal Emergency Management Agency (FEMA).  The NFIP establishes flood zones and minimum flood regulations to set flood insurance premiums.  It also establishes construction standards for buildings in the Special Flood Hazard Area (SFHA) with type "A" and "V" flood zones.  The NFIP generally requires a flood insurance policy for any SFHA property covered by a mortgage because most financial institutions are backed by federal insurance.