House Extends Flood Insurance Program Through Nov. 30

Filed in Advocacy by on July 25, 2018 0 Comments

sandbagsWith a July 31 deadline looming, the House today approved a four-month extension of the National Flood Insurance Program (NFIP) until Nov. 30.

It is anticipated that the Senate will approve a similar bill before the NFIP is set to expire on July 31.

Congress requires all properties within the 100-year floodplain that are purchased with a federally backed mortgage to carry flood insurance. So it is essential that the program gets reauthorized in a timely manner.

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.

For more information, contact Jessica Hall at 800-368-5242 x8253.

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