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Quincy - The Problem Densely developed Year after year claims to the national flood insurance program 5 Million from 1978 - 2007.

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Presentation on theme: "Quincy - The Problem Densely developed Year after year claims to the national flood insurance program 5 Million from 1978 - 2007."— Presentation transcript:

1 Quincy - The Problem Densely developed Year after year claims to the national flood insurance program 5 Million from 1978 - 2007

2 Quincy - The Solution 2003-2007: ~$1 million (federal) & 46 properties FEMA Grants + Homeowner Money

3 Base Flood Elevation (BFE) FREEBOARD (the minimum height required for compliance with the National Flood Insurance Program) freeboard

4 Base Flood Elevation (BFE) FREEBOARD (the minimum height required for compliance with the National Flood Insurance Program) freeboard

5 freeboard? $

6 ~$1,000 per foot of freeboard (+~$18/month)

7 WITHOUT FREEBOARDWITH 3’ FREEBOARD Annual flood insurance: $5499 Annual flood insurance: $2084 ( - $284/month)

8 Homeowner savings V ZoneA Zone Annual savings in NFIP premiums Savings over 30- year mortgage Annual savings in NFIP premiums Savings over 30- year mortgage 1' freeboard $1,360 ( 25% ) $40,800 $502 ( 41% ) $15,060 2' freeboard $2,730 ( 50% ) $81,900 $678 ( 55% ) $20,340 3' freeboard $3,415 ( 62% ) $102,450 $743 ( 60% ) $22,290

9 For More Information City officials from Quincy –Sean Glennon at (617) 376-1167 or sglennon@ci.quincy.ma.us FEMA and MEMA officers –Richard Zingarelli at (617) 626-1406 or Richard.Zingarelli@state.ma.us, –Scott MacLeod at (508) 820-1445 or Scott.MacLeod@state.ma.us


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