The National Flood Insurance Program

The National Flood Insurance Program
Flooded community

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The flood-prepared communities project helps communities reduce the effects of weather-related catastrophes on the U.S. economy and environment through national policy reform. The project promotes the adoption of key changes to the National Flood Insurance Program (NFIP).

Created in 1968, the program provides federally backed coverage for homeowners and small businesses in more than 22,000 communities across the country. It was established to offset the lack of private sector flood insurance and to cut federal spending on disaster response and rebuilding. Today, the NFIP is nearly $25 billion in debt. To effectively address flooding nationwide, the program must ensure that rates better reflect actual risk, mitigate impacts in frequently flooded areas, and have sufficient financial reserves to respond to catastrophic events.

Here is a collection of resources on reforming the NFIP.

Additional Resources

States of Innovation