What Qualifies as a “Substantial” Improvement Under FEMA’s 50% Rule

08/12/23

“What qualifies as a “substantial” improvement under FEMA’s 50% rule?”

FEMA’s 50% rule requires property owners to make substantial improvements to their buildings if they suffered over half of their market value in damage. But what exactly qualifies as a “substantial” improvement? Well, it turns out that improvements that bring the structure into compliance with the latest local and national flood regulations will qualify something as “substantial”. This is What Qualifies as a “Substantial” Improvement Under FEMA’s 50% Rule.