Tag: NFIP
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.
Trump’s Fiscal 2019 Budget Seeks 14% Cut to HUD
President Trump’s proposed fiscal 2019 budget, which runs from Oct. 1, 2018 through Sept. 30 2019, would cut the HUD budget 18.3%, or $8.8 billion, to $39.2 billion.
After Brief Government Shutdown, Congress Approves 2-Year Budget Framework
Congress early this morning approved a two-year budget framework to keep the government running following a brief shutdown that began at midnight and lasted less than six hours. The accord includes massive increases to defense and discretionary spending, as well as key housing provisions.
Short-Term Spending Bill Keeps the Government Open Through Jan. 19
With the government funding set to run out on Dec. 22, Congress moved to approve a short-term continuing resolution to keep the lights on at federal agencies through Jan. 19.
Congress Approves Short-Term Extension to Keep Government Running
To avert a government shutdown on Dec. 8, Congress today approved a short-term continuing resolution to keep the government running for two more weeks until Dec. 22. This also means that the National Flood Insurance Program will be extended through Dec. 22.
The federal government funding package also means that the National Flood Insurance Program (NFIP), which was set to expire on Dec. 8, will be extended until Dec. 22.
House Approves Five-Year Flood Insurance Reauthorization
The House today approved legislation that would reauthorize the National Flood Insurance Program for five years and includes many NAHB-supported modifications to the program.
House Approves Additional $36.5 Billion in Disaster Relief
The House today approved a $36.5 billion emergency spending package geared to helping the hurricane recovery efforts in Puerto Rico and assisting the wildfire relief efforts in California. In addition, the bill specifically earmarks $16 billion to cancel the existing debt of the National Flood Insurance Program
NAHB Opposes OMB Proposal to Reform National Flood Insurance Program
NAHB supports reforms to the National Flood Insurance Program but opposes a proposal to phase out new NFIP policies for newly-constructed homes.
