The National Flood Insurance Program (NFIP) Community Rating System (CRS) is a voluntary incentive program that recognizes and encourages community floodplain management activities that exceed the minimum NFIP requirements. As a result, flood insurance premium rates are discounted to reflect the reduced flood risk resulting from the community actions meeting the three goals of the CRS:
- Reduce flood losses
- Facilitate accurate insurance rating
- Promote the awareness of flood insurance
The City of Cedar Park is currently in the process of obtaining a CRS rating.