As part of the CRS requirement, the City of Virginia Beach must provide the community with information and updates for the FEMA/HUD program. If you live in a designated flood zone, you should have received the following notice. It provides good information and links to other sites that are very helpful. One of the biggest changes you should already be seeing is the 15% discount in your flood insurance premiums. As the City continues to do more regarding flooding and storm water improvements, this discount should also increase to 20% and maybe even 25% over the next several years.