07-15-2009, 03:40 AM
Kane
The other places you mention do not have active volcanoes that are now erupting.Just last year several homes were destroyed by the ongoing eruption.
I posted the link to the Fha rule,but will now post part of the rule.It has been in place since 1971.The reason they weren't enforcing it was because of pressure from the Clinton administration to loosen up their rules so more people could buy homes.
Based upon potential volcano activity, FHA mortgage insurance is not available in lava flow zones 1 and 2 Areas.
Island of Hawaii: In 1971 HUD established a policy which responded to volcanic hazards on the Island of Hawaii. Under this policy certain areas were identified as being unacceptable for HUD programs. This policy was re-evaluated and the findings were posted in 1991. Except for a newly designated area to the northeast of Mauna Loa, the 1990 and 1971 HUD non-participation areas are not significantly changed in location or extent. The 1990 boundaries are more closely based on known geologic features and current estimates of the U. S. Geological Survey (USGS) Hawaiian Volcano Observatory.
HUD, in consultation with USGS. geologists at the Menlo Park Center in California and at the Volcano Observatory, reviewed 20 volcanic zones involving lava flows, subsidence and ground fracture, tephra falls, volcanic gas, and pyroclastic surge. Ultimately HUD identified two zones as being particularly hazardous. These are defined by the U.S.G.S. Observatory as lava flow zones #1 and #2.
The other places you mention do not have active volcanoes that are now erupting.Just last year several homes were destroyed by the ongoing eruption.
I posted the link to the Fha rule,but will now post part of the rule.It has been in place since 1971.The reason they weren't enforcing it was because of pressure from the Clinton administration to loosen up their rules so more people could buy homes.
Based upon potential volcano activity, FHA mortgage insurance is not available in lava flow zones 1 and 2 Areas.
Island of Hawaii: In 1971 HUD established a policy which responded to volcanic hazards on the Island of Hawaii. Under this policy certain areas were identified as being unacceptable for HUD programs. This policy was re-evaluated and the findings were posted in 1991. Except for a newly designated area to the northeast of Mauna Loa, the 1990 and 1971 HUD non-participation areas are not significantly changed in location or extent. The 1990 boundaries are more closely based on known geologic features and current estimates of the U. S. Geological Survey (USGS) Hawaiian Volcano Observatory.
HUD, in consultation with USGS. geologists at the Menlo Park Center in California and at the Volcano Observatory, reviewed 20 volcanic zones involving lava flows, subsidence and ground fracture, tephra falls, volcanic gas, and pyroclastic surge. Ultimately HUD identified two zones as being particularly hazardous. These are defined by the U.S.G.S. Observatory as lava flow zones #1 and #2.