In 1968, Congress created the National Flood Insurance Program (NFIP) to help provide a means for property owners to financially protect themselves in the event of a flood. The NFIP offers flood insurance to homeowners, renters, and business owners if their community participates in the NFIP. Participating communities agree to adopt and enforce ordinances that meet or exceed Federal Emergency Management Agency (FEMA) requirements to reduce the risk of flooding.
The Town of Vinton is a participating community in the NFIP, which allows property owners to purchase flood insurance to protect property against the hazard of flooding. In order to continue participating in the NFIP program, the Town must maintain an ordinance that meets the requirements mandated by FEMA. If the Town does not meet those requirements, the Town would no longer be able to participate in the NFIP, and property owners in Vinton would no longer be able to purchase federally backed flood insurance policies.