Floodplain Management funding options for flood mitigation

How it works

The City of Virginia Beach explains that its floodplain management program is part of the city’s broader effort to reduce flood risk in flood-prone areas. The page describes local floodplain rules, flood insurance information, retrofitting tips, and several funding options homeowners may use to help protect a home from future flood damage.

What the money covers

The page specifically names three funding paths for flood mitigation:

• HUD 203(k) loan: described as a low-cost option to bundle flood protection work with a home refinance or purchase.
• Increased cost of compliance funding: described as available to homeowners who have experienced previous flood damage.
• Severe Repetitive Loss Program: described as a source that may provide grant funds to assist with flood mitigation if you own a qualifying property.

The page does not list exact eligible projects, reimbursement rules, or whether the city directly administers the funds. It also does not state any dollar caps, matching requirements, or whether the options are grants versus loans beyond the names and brief descriptions above.

Related floodplain guidance on the page

The page explains that Virginia Beach requires permits for construction and development in Special Flood Hazard Areas (SFHAs), including building, manufactured homes, filling, grading, paving, excavation, storage, and land subdivision. It also describes rules for substantial damage/improvement, elevation requirements for new or improved residential buildings, and the option for nonresidential buildings to floodproof instead of elevating.

Timing and deadlines

No application window, deadline, or funding availability date is stated on the page.