Pre construction work was well under way as of June 4 off of Natomas Central Drive. / Photo: A. Wells
THE NATOMAS BUZZ | @natomasbuzz
The seven-year, de facto building moratorium in Natomas ends today.
A city ordinance passed in March and new flood-zone status approved by FEMA – which went into effect today, June 16 – means commercial and limited residential development can resume in the Natomas Basin.
City officials will start issuing building permits today at its Community Development Department offices located on Richards Boulevard.
As of June 15, seven models of homes with various elevations have been approved for one developer which has yet to submit paperwork for building permit applications.
One builder has turned in applications to start construction on 10 units and plans to pull the building permits next week.
Forty-two master plans are currently under review by officials, according to a press release issued Monday by the city.
Despite the end of the building ban, Natomas Basin property owners with federally-backed mortgages are still required to carry flood insurance.
Flood insurance will remain mandatory until Natomas-area levees are certified for 100-year protection from flooding.
Levee improvements are expected to take several years to complete.
Pre construction work was well under way as of June 4 off of Natomas Central Drive. / Photo: A. Wells
Flood insurance required even during a drought? It sounds like someone is after the home owners money. We had lots of rain in 2009 and the levees held up very well. I don’t understand why it is still monitory to have flood insurance.
So you only buy car insurance when you are about to have a car accident?
By the way, flood insurance is not profitable in the US, FEMA is basically a social service.
I just think it should be a choice to have flood insurance. As soon I pay off my home I am getting rid of it. I think its a waste of money.