Tag: NFIP
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.
National Flood Insurance Program Receives 4-Month Extension
The Senate voted today to approve House-passed legislation that will extend the National Flood Insurance Program (NFIP) until Nov. 30. Absent congressional action, the program would have expired at 11:59 p.m. tonight.
House Extends Flood Insurance Program Through Nov. 30
With 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.
FloodSmart.gov is Back in Business
For many years, FloodSmart.gov was a resource for residents, business owners, floodplain managers and others interested learning more about the National Flood Insurance Program. But FEMA was forced to deactivate it shortly after the site experienced security issues in late 2016. Now, it’s back — and even better than the original.
FEMA Unveils Explanatory NFIP Videos
FEMA and the Department of Homeland Security have released a series of videos to explain the changes to the National Flood Insurance program announced last month.
National Flood Insurance Program Announces Updates, Rate Increases
On April 1, a 6.9% increase was applied to the average premium rate for standard flood insurance policies, rising from $994 to $1,062. FEMA has also announced a rate increase for the Increased Cost of Compliance premium, going into effect Jan. 1, 2019.
Congress Approves $1.3 Trillion Spending Package
Congress has approved a $1.3 trillion spending bill that will fund the federal government through the end of the current fiscal year, which expires Sept. 30. The sweeping appropriations legislation includes several areas of interest to the housing community.
