The Biden administration’s budget includes a plan for helping people to purchase the coverage. As the Federal Emergency Management Agency (FEMA) works to overhaul the National Flood Insurance Program (NFIP), the President Biden is seeking to bring down the flood insurance cost for low-income Americans. The budget proposes a new program that would provide $358 million to support the effort next year. That money would help low-income families to cover their flood insurance cost and to take additional action to prevent their properties from flooding. This new program was a…
Read MoreLow-income Americans to receive flood insurance cost support
