FEMA gives notice that the maximum amount of IHP financial assistance provided to an individual or household under section 408 of the Stafford Act with respect to any single emergency or major disaster is $41,000 for housing assistance and $41,000 for other needs assistance. The increase in award amount is for any single emergency or major disaster declared on or after October 1, 2022. In addition, in accordance with 44 CFR 61.17(c), this increases the maximum amount of available coverage under any Group Flood Insurance Policy (GFIP) issued.
FEMA bases the adjustment on an increase in the Consumer Price Index for All Urban Consumers of 8.3 percent for the 12-month period, which ended in August 2022. The Bureau of Labor Statistics of the U.S. Department of Labor released the information on September 13, 2022.