I just had to reply here. I'm looking at a lot near the San Jacinto River in the Conroe Area. It is in a FEMA AE Regulatory Floodway. It is in a subdivision that is bordered by the river, most of the subdivision is empty and undeveloped, but there are a few scattered houses or mobile homes in the subdivision which is nearly entirely in the AE Floodway. The land is stupidly cheap (for the current price climate). I have watched the lots that have come up for sale and sold in this area. I've watched online and personally making visits to the area to see what the people are doing with them after they are sold. All of the lots are overgrown with 20 plus years of native growth and man is it thick. Most of the recently sold lots get somewhat cleared and the new owners use them for weekend RVing. There is one lot that is really close to the river that someone just built a real nice 2000 sqft home on. It's not on stilts and they didn't mound up the lot. I really don't see how they got away with it unless they just built it without permission and moved in. However it is my understanding that you cannot drill a water well or install an aerobic or septic system in a floodway and this subdivision doesn't have water and sewer, only power, phone and CATV. It is my experience as an electrical contractor in the area that the power company will not hook you up if the permits for your water well and septic/aerobic system are not in order, passed and finaled. I'm interested in the area because the land is cheap. I need a permanent location to park my trailers, trucks and store all of my junk. I wouldn't ever want or need flood insurance and most of my stuff would be mobile or in conex boxes and I could just move it when a flood comes. I've lived in this area for 45 years and have only seen this area flood three times. I really don't know what you can do with land like that except use it for livestock, gardening, wetland offsets, recreation or storage.