Essentially, yea.Their rain runoff water?
My old house was slightly south of the village in a swampy area between the village and the lake. Oswego county is a giant swamp anyway.
Tractor Supply and a few others including Walmart built in a low lying swamp area. They built the whole area up probably 30 feet to be way above the water. But now there's a lot of runoff from the parking lots and they displace a lot of water detention ability.
All of the water that would collect there is now forced south to the lake much sooner and quicker. I never had major flooding issues at that house until they built that tractor supply. I think that was just the straw that broke the camels back for water retention in the area causing many issues.
Thankfully I never had to deal with water IN the house but a few people around me had that.