; (6) investment in mitigation is a cost-effective means of reducing risk; (7) a policyholder’s ability to pay for flood insurance coverage should be considered for premium rate discounts; and (8) in the absence of widespread private insurance industry participation, and as a matter of national policy, the Federal Government must ensure the availability and affordability of flood insurance. I Reauthorization and affordability 101. Program extension (a) Financing Subsection (a) of section 1309 of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4016(a) ) is amended by striking September 30, 2019 and inserting September 30, 2024 . (b) Program expiration Section 1319 of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4026 ) is amended by striking September 30, 2019 and inserting September 30, 2024 . (c) Retroactive effective date If this Act is enacted after September 30, 2019, the amendments made by subsections (a) and (b) shall take effect as if enacted on September 30, 2019. 102. Demonstration program for policy affordability (a) Authority (1) In general The Administrator of the Federal Emergency Management Agency shall establish and carry out a demonstration program under this section to demonstrate the effectiveness of providing means-tested discounted rates for flood insurance coverage made available under the National Flood Insurance Act of 1968 for eligible households. (2) Consultation The Administrator may consult with the Secretary of the Treasury and the Secretary of Housing and Urban Development about the implementation of the program established pursuant to paragraph (1). (b) Eligible households and properties The Administrator may provide discounted premium rates pursuant to this section only for properties that are— (1) 1- to 4-family residential properties