; and (2) in paragraph (2), by striking 5 percent and inserting 8 percent . 102. Flood insurance affordability program Chapter I of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4011 et seq.) is amended by adding at the end the following new section: 1326. Flood insurance affordability program (a) Authority The Administrator shall carry out a program under this section to provide financial assistance, through State programs carried out by participating States, for eligible low-income households residing in eligible properties to purchase policies for flood insurance coverage made available under this title. (b) Participation Participation in the program under this section shall be voluntary on the part of a State or consortium of States. (c) State administration Each participating State shall delegate to a State agency or nonprofit organization the responsibilities for administrating the State’s program under this section. (d) Eligible households (1) In general During any fiscal year, assistance under the program under this section may be provided only for a household that has an income, as determined for such fiscal year by the participating State in which such household resides, that is less than the income limitation established for such fiscal year for purposes of the State program by the participating State, except that— (A) assistance under the program under this section may not be provided for a household having a income that exceeds the greater of— (i) the amount equal to 150 percent of the poverty level for such State; or (ii) the amount equal to 60 percent of the median income of households residing in such State