Flood Subsidies Phasing Out Unless Congress Acts, FEMA Chief Says Posted by danetteoneal1 on September 20, 2013 Posted in: Uncategorized. Leave a comment Flood Subsidies Phasing Out Unless Congress Acts, FEMA Chief Says. Share this:FacebookTwitterPrintEmailLinkedInPinterestLike this:Like Loading... Related Posts navigation ← Info graphic: this is how the food stamp cuts affect those already in poverty: Some homeowners will see their share of flood insurance premiums go up starting next month, which is the start of the next federal fiscal year. If you are working with buyers or sellers of property in a flood area or an area that might be in a flood zone, you should let clients know that insurance subsidies could be phasing out, thereby increasing flood insurance costs. For more information and help on how to relay that information to your clients, read more: →