Common use of Dwelling location Clause in Contracts

Dwelling location. Dwellings and building improvements located in spe- cial flood or mudslide hazard areas, as designated by the Federal Emergency Management Agency (FEMA) may be financed under this subpart only if: (1) The community, as a result of such designation by FEMA as a special flood or mudslide prone area, has an approved flood plain area management plan. (2) The dwelling location and con- struction plans and specifications for new buildings or improvements to ex- isting buildings comply with an ap- proved flood plain area management plan (see paragraph (a)(1) of this sec- tion). (3) Potential environmental impacts and feasible alternatives have been fully considered by RHS in accordance with the requirements of subpart G of part 1940. (4) The first floor elevation is above the 100 year flood zone elevation.