Tag: NFIP
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.
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.
