Get Financial Help

From discounts on flood insurance to grants and insurance claims for mitigation efforts, there are a number of ways to get financial help to support establishing floodplain management programs that meet and go beyond National Flood Insurance Program (NFIP) minimum requirements.

The NFIP's Community Rating System (CRS) provides discounts on flood insurance premiums in those communities that establish floodplain management programs that go beyond NFIP minimum requirements. Communities can receive credit for more restrictive regulations, acquiring flood-prone property, and other measures that reduce flood damages and protect floodplains. Over 1,000 communities now participate in the CRS and are taking action to reduce their vulnerability to flooding.

Financial help to mitigate damages to existing buildings is provided under the NFIP Increased Cost of Compliance (ICC) Coverage. When a community declares a building substantially damaged or repetitively damaged, insured property owners can receive a claim up to $30,000 to incorporate mitigation measures when rebuilding. To help reduce flood damages to existing buildings, FEMA also provides grants and technical assistance to states and communities to conduct mitigation planning and implement mitigation projects.

Grant Programs

Federal grants and other programs, such as FEMA’s Hazard Mitigation Assistance (HMA) grants, may be available to communities to help pay for mitigation projects that reduce flooding impacts.