Final answer:
Residential properties acquired under the NFIP cannot be redeveloped into new housing projects; they must be used for open space, recreation, or wetlands management to mitigate future flood risks.
Step-by-step explanation:
If a community acquires a flood-prone residential property to meet NFIP (National Flood Insurance Program) requirements, that property cannot be redeveloped as a new housing project. The answer to the question is false. When a residential property is acquired under the NFIP, the intention is to reduce the risk of flood damage in the future. To accomplish this, acquired properties in flood-prone areas generally must be dedicated to uses that serve open space, recreational, or wetlands management objectives. Any redevelopment, such as new housing, that would increase the risk of flood damage is typically prohibited.