Environmental
What is a 'floodplain' and how does it affect Illinois real estate?
AAny area within 100 feet of a river; subject to state setback requirements
BAn area subject to periodic flooding; FEMA maps determine flood zones requiring flood insurance for federally backed mortgages✓ Correct
CAn agricultural drainage district managed by the Illinois Farm Bureau
DA wetland area protected under Illinois environmental law
Explanation
A floodplain is an area subject to periodic flooding. FEMA maps flood zones and designates Special Flood Hazard Areas (SFHAs). Properties in high-risk flood zones with federally backed mortgages must carry flood insurance. Illinois has significant flood risk areas along the Mississippi, Illinois, and other rivers. Buyers should check FEMA flood maps for any property they're considering.
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