THE NATOMAS BUZZ | @natomasbuzz
The seven-year, de facto building moratorium in Natomas ends today.
A city ordinance passed in March and new flood-zone status approved by FEMA – which went into effect today, June 16 – means commercial and limited residential development can resume in the Natomas Basin.
City officials will start issuing building permits today at its Community Development Department offices located on Richards Boulevard.
As of June 15, seven models of homes with various elevations have been approved for one developer which has yet to submit paperwork for building permit applications.
One builder has turned in applications to start construction on 10 units and plans to pull the building permits next week.
Forty-two master plans are currently under review by officials, according to a press release issued Monday by the city.
Despite the end of the building ban, Natomas Basin property owners with federally-backed mortgages are still required to carry flood insurance.
Flood insurance will remain mandatory until Natomas-area levees are certified for 100-year protection from flooding.
Levee improvements are expected to take several years to complete.