A permanent below-ground flood barrier installation is characterized by a trench surrounding a specified area. A concrete ballast lines the trench and anchors a covered housing containing a flexible water impermeable fabric wall and a series of supports. When a flood is impending the housing is opened, the supports removed and set up vertically at ground level, and the fabric wall extended upward. The fabric wall is attached at its upper edge to the cover set atop the supports, and at its lower edge to the housing. Three point anchoring of the supports maintain them in vertical orientation and stop means prevent backward movement during storm surges. When flooding subsides the components can be cleaned, dried and returned to the housing. No tools or special skills are required to set up the wall and supports once the initial installation has been completed.