National Flood Insurance Program Affordability Act

This bill creates a FEMA program providing income-based discounts to make flood insurance more affordable for qualifying policyholders. It caps annual premiums at 1% of a household's area median income for primary residences, small businesses (under 100 employees), and non-profits meeting hardship criteria. The program is funded by $250 million annually (with 95% required spending), and requires FEMA to implement monthly premium payments within 180 days. It directly affects millions of flood insurance policyholders in high-risk areas who struggle with current costs.