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| | #REDIRECT [[NFIP Date of Construction#Substantial Improvement Date]] |
| A substantially improved building is a building that has undergone reconstruction, rehabilitation, addition, or other improvement, the cost of which equals or exceeds 50 percent (or a lower threshold if adopted and enforced by the community) of the market value of the building before the “start of construction” of the improvement.
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| This term does not include a building that has undergone reconstruction, rehabilitation, addition, or other improvement related to:
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| • Any project or improvement of a building to correct existing violations of a state or local health, sanitary, or safety code specifications that have been identified by the local code enforcement official and which are the minimum necessary to assure safe living conditions;
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| • Any alteration of a “historic building”, provided that the alteration will not preclude the structure’s continued designation as a “historic building.”
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| Note: All historic buildings are Pre-FIRM construction if they meet the definitions of a "historic building” provided they meet the NFIP definition.
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| When a building has been substantially improved, the agent must confirm if a local community official has declared the building substantially improved. The Application Form must report both the original date of construction and the substantial improvement date.
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| The NFIP will use the substantial improvement date for policy coverage and rating purposes.
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