Congress Extends Flood Insurance Program Through May 31

Filed in Capitol Hill by on December 22, 2018 1 Comment

flood insurance iconAlthough Congress and the White House failed to avert a partial government shutdown, NAHB achieved a significant victory when lawmakers agreed to extend funding for the National Flood Insurance Program (NFIP) through May 31, 2019.

Absent congressional action, funding would have expired for the program last night.

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 authorization for the program does not lapse.

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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