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Flood mitigation governance is critical for coastal regions where flooding has caused considerable damage. Raising the First-Floor Elevation (FFE) above the base flood elevation (BFE) is an effective mitigation measure for buildings with a high risk of flooding. In the U.S., measuring FFE is necessary to obtain an Elevation Certificate (E.C.) for the National Flood Insurance Program (NFIP) and has traditionally required labor-consuming field surveys. However, the advances in computer vision technology have facilitated the handling of large image datasets, leading to new FFE measurement approaches. Taking Galveston Island (including the cities of Galveston and Jamaica Beach) in Coastal Texas as a case study, we explore how these new approaches may inform flood risk management and governance, including how FFE estimates may be combined with BFE estimates from flood inundation probability mapping to model the predicted cost of raising buildings’ FFE above their BFE. After establishing the FFE model’s accuracy by comparing its results with previously validated FFE estimates in three districts of Galveston, we generalize the workflow to building footprints across Galveston Island. By combining the FFE data derived from our workflow with multidimensional building information, we further analyze the future flood control and post-disaster maintenance strategies. Our findings present valuable data collection paradigms and methodological concepts that inform flood governance for Galveston Island. The proposed workflow can be extended to flood management and research for other vulnerable coastal communities.