City schedules FEMA ‘49% Rule’ workshop
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St. Petersburg will hold a virtual workshop on November 8 to discuss the FEMA ‘49% Rule,’ a critical regulation affecting how property owners in Special Flood Hazard areas can rebuild after Hurricane Milton. This rule stipulates that if repair costs amount to 49% or more of a building's pre-storm market value, owners must adhere to updated zoning and building requirements. The workshop is designed to equip residents with the necessary knowledge to understand the rebuilding process and compliance obligations. City officials have emphasized the importance of this session, considering many residents are still facing the aftermath of the hurricane.
By engaging the community through this informational workshop, the city aims to foster a more informed and resilient public. The event reflects broader efforts to ensure that residents can recover effectively while complying with federal regulations. As rebuilding requirements become more pertinent, this workshop addresses a significant local issue. Attendees can expect to gain valuable insights and assistance tailored to their specific needs during the recovery phase.