12.5% - eligible communities have adopted four mitigation measures:
- National Flood Insurance Program (participate or have applied);
- Town Road and Bridge Standards (adopt standards that meet or exceed the 2013 template in the current: VTrans Orange Book: Handbook for Local Officials);
- Local Emergency Management Plan (adopt annually after town meeting and before May 1);
- Local Hazard Mitigation Plan - Adopt a FEMA- approved local plan (valid for five years). Or, a draft plan has been submitted to FEMA Region 1 for review.
17.5% - eligible communities also:
Protect River Corridors from new encroachment; or, protect their flood hazard areas from new encroachments and participate in the FEMA Community Rating System. ERAF 17.5% Criteria
After a declared disaster the damage to public infrastructure including roads and culverts may approach a million dollars. Here is how the cost of damage will be carried by federal, state, and municipal taxpayers:
|
7.5% ERAF Rate |
12.5% ERAF Rate |
17.5% ERAF Rate |
Federal Share |
$750,000 |
$750,000 |
$750,000 |
State Share |
$75,000 |
$125,000 |
$175,000 |
Municipal Share |
$175,000 |
$125,000 |
$75,000 |
Total |
$1,000,000 |
$1,000,000 |
$1,000,000 |
(Source: Flood Ready Vermont: Emergency Relief and Assistance Fund)