On March 21, President Obama signed the Homeowner Flood Insurance Affordability Act (http://beta NULL.congress NULL.gov/bill/113th-congress/house-bill/3370) (P.L. 113-89) into law.  The legislation reverses some of the changes to the National Flood Insurance Program (http://www NULL.fema NULL.gov/national-flood-insurance-program) enacted by Congress through the Flood Insurance Reform Act of 2012 (http://www NULL.fema NULL.gov/flood-insurance-reform-act-2012) which ended or rolled back subsidies for over a million insurance policies in flood zones.  Following enactment of the 2012 bill, many policy owners saw hefty increases in their premiums.  The Homeowner Flood Insurance Affordability Act provides retroactive refunds for people who have had large flood insurance rate increases due to the sale or purchase of a home, caps average annual increases at 18 percent, and allows subsidies for insurance rates that are based on current flood maps.