National Flood Insurance Act

The National Flood Insurance Act, enacted in 1968, aims to provide affordable flood insurance to property owners in flood-prone areas. It established the National Flood Insurance Program (NFIP), which allows homeowners, renters, and businesses to purchase federal flood insurance. This program encourages communities to adopt floodplain management practices to reduce flood damage risks. By participating, communities can access federal funding for flood-related improvements. The act helps protect individuals financially from the devastating effects of floods, promoting resilience and preparedness in vulnerable regions across the United States.