A plan to make flood zones larger and enact tougher housing resiliency standards has been terminated.
CNBC reports that the proposed rule, initiated during the Obama era, was struck down by the Trump Administration.
The rule would have required homes to be built at a higher elevation or flood-proofed if financial assistance from the Department of Housing and Urban Development was sought.
The Mortgage Bankers Association and New York’s chief resilience officer have both spoken out against the move.
The report comes just as the United States aims to rebuild from damage to parts of Texas and Florida after lashings from two major hurricanes, Harvey and Irma.
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