3.9.2.3 Flood insurance
HUD Multifamily Accelerated Processing (MAP) Guide, HUD Handbook 4430.G (2020 ed., rev. Mar. 19, 2021) · 2026 edition · updated 2026-10-05 · United States
A. For properties in a SFHA on a FEMA Flood Insurance Rate Map, flood insurance is required during construction when the property becomes insurable, and upon completion, in the amount required per
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Chapter 3 Programs 3.9 Property Insurance Requirements
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Section 102(a) of the Flood Disaster Protection Act of 1973 (42 USC 4012a(a)). For each improved structure located in a SFHA, HUD insurance requirements may go beyond the statutory minimum. HUD requires flood insurance in an amount at least equal to the greater of:
The maximum flood insurance available for that type of property under the NFIP; or
An amount equal to the replacement cost of the bottom two stories above grade, as determined by form HUD-92329, or equivalent.
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