It was concluded that the projects do not meet two of the eligibility requirements under Federal Regulations, 44 CFR 206.434, to qualify for the HMGP. The proposal does not meet requirements for cost effectiveness, nor is it the most effective alternative to addressing the flood hazard.
The elevation projects did not meet 44 CFR 206.434 (b)(5)(ii), because for both structures, the cost of elevation exceeds the anticipated benefits in reduced flood losses over the life of the structures. The projects under consideration here have benefit-cost ratios of 0.24 and 0.27, which is substantially less than 1.0.
The elevation projects did not meet 44 CFR, 206.434 (b)(5)(iii), because the projects were not determined to be the most practical, effective and environmentally sound alternative after consideration of a range of options. The two properties are located on the river side of a levee that is below the 100 year standard. The Iowa Emergency Management Agency determined that in the event of a major disaster or a 100 year flood event, neither property would be accessible to emergency services and would either be uninhabitable or present great risk to the inhabitants. In addition, the Iowa Department of Public Health (IDPH) surveyed the area and the two residences and concluded that there was no feasible on-site wastewater system that could be recommend for homes located on the wet side of the levee.