Congress Approves Three-Month Extension of NFIP

Filed in Capitol Hill by on September 8, 2017 0 Comments

With a Sept. 30 deadline looming, Congress has approved a broad package that will keep the government funded until Dec. 8, provide roughly $15 billion in disaster relief from Hurricane Harvey, and raise the debt ceiling, which sets a limit on the amount of money the federal government can borrow.

The government funding package also means that the National Flood Insurance Program (NFIP), which was set to expire on Sept. 30, will be extended until Dec. 8.

NAHB continues to work with Congress to achieve a long-term reauthorization of the NFIP that will keep the program fiscally sound and let builders provide safe and affordable housing.

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