“West Bank residents are worrying about proposed Federal Emergency Management Agency flood maps that put most of Algiers Point into a higher-risk flood zone, which could mean higher flood insurance rates and mandatory coverage for some homeowners.

Some Algiers residents plan to fight the change, which resident Vlad Ghelase said is flawed and could lead to catastrophic changes to the neighborhood if many property owners are forced out because of higher prices.

“In the long run, I think there’s going to be a big crunch in the market and there’s going to be a lot of foreclosures,” said Ghelase, an architect.”

http://www.theneworleansadvocate.com/news/12905514-123/new-fema-flood-maps-could

High rates will decimate shorefront communities.

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