Tag: NFIP
New FEMA Risk Rating 2.0 to Determine Flood Insurance Rates
The Federal Emergency Management Agency (FEMA), which oversees and implements the National Flood Insurance Program (NFIP), has initiated a long-term effort to transform the program to make it more consumer friendly and better reflect the actual risks properties face.
House Panel Approves Long-Term Flood Insurance Reauthorization
The House Financial Services Committee voted today to advance NAHB-supported bipartisan legislation that would reauthorize the National Flood Insurance Program for five years through Sept. 30, 2024.
In a Win for NAHB, House Leaders Agree on Long-Term Flood Insurance Deal
In an important victory for NAHB, House Financial Services Committee Chair Maxine Waters (D-Calif.) and Ranking Member Patrick McHenry have reached an agreement on a five-year reauthorization of the National Flood Insurance Program (NFIP) through Sept. 30, 2024.
Congress Approves 4-Month Extension of Flood Insurance Program
The House and Senate have approved disaster relief legislation that extends funding for the National Flood Insurance Program (NFIP) for another four months through Sept. 30, 2019.
NAHB Helps Avert Lapse in Federal Flood Insurance Program
Thanks in large part to NAHB’s efforts, the House and Senate have approved legislation that extends funding for the National Flood Insurance Program (NFIP) for another two weeks through June 14, 2019.
Federal Flood Insurance Program Could Lapse and Jeopardize Home Sales
The National Flood Insurance Program (NFIP) is facing a short-term lapse and any home buyers who require federal flood insurance are encouraged to move any June closings up to May 31 if possible.
How the Government Shutdown Could Affect Housing
The government shutdown will affect housing and home builders. In most cases, the short-run impacts will be minor. A long-term shutdown, lasting several weeks or a month or more, could have significant impacts on mortgage accessibility and reduce housing demand.
Congress Extends Flood Insurance Program Through May 31
Although 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.
Flood Insurance Program Extended Through Dec. 21
Congress has approved a short-term continuing resolution that will keep the National Flood Insurance Program running through Dec. 21.
FAA Bill Includes Key Housing Affordability Provisions
The House has passed a five-year FAA reauthorization bill that contains a key provision championed by NAHB that will delay a major building and affordability barrier that would have started in the Pacific Northwest and quickly spread throughout the country.
