Thanks for your reply.
That's my understanding - there will be a note of non-compliance on the title.
We're planning on staying put for decades and are thinking of developing up over the garage and flood-hardening the basement with building materials and sumps and leaving it relatively undeveloped (which to my understanding will leave us short of compliance, but should drastically reduce the clean-up cost next time).
My curiosity is driven by a desire to do a complete cost-benefit analysis of all my options as if my property value drops by some big amount, that should generate savings on property taxes which I could then use to self-insure against the next large flooding event in the future.
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