The City of Coconut Creek participates in the National Flood Insurance Program, a Federal program that allows property owners to purchase insurance protection against losses from flooding. Under the National Flood Insurance Act (42 U.S.C. 4001 et.seq.) federally supervised, approved, regulated or insured financial institutions must require flood insurance as a condition of making, increasing, extending or renewing loans on improved real estate property or mobile homes located in identified special flood hazard areas. This applies to conventional home mortgage loans, home improvement loans, construction loans, commercial loans.