Community Flood Resilience Act

The Community Flood Resilience Act allows states and communities to use up to 15 percent of their federal flood mitigation grants for five years to pay for private, community-based flood insurance. This type of insurance automatically provides payouts when specific flood metrics are met, offering faster financial relief without requiring detailed damage assessments. The bill also requires the Federal Emergency Management Agency to promote these policies and mandates that communities educate residents about the differences between this new coverage and traditional flood insurance. Additionally, the law requires regular reports to Congress on how these programs affect insurance enrollment and the speed of claim payments.