Tag: NFIP
A Focus on Flood Insurance and Lumber
With Congress in its August recess, members are encouraged to visit their lawmakers in their home districts and seek action on two issues – flood insurance and lumber.
NAHB and House Panel Reach Agreement on Flood Insurance Bill
NAHB today reached an agreement with leaders of the House Financial Services Committee to craft a viable, long-term flood insurance reauthorization bill that will keep the National Flood Insurance Program fiscally sound and enable home builders to provide safe and affordable housing to consumers.
NAHB Opposes Flood Insurance Bill that Clears House Panel
As the House Financial Services Committee voted today to approve the 21st Century Flood Reform Act, NAHB vowed to fight the measure and to work with Republican lawmakers to craft an alternative measure.
Marker Released for Flood Insurance Reauthorization in 2017
Rep. Blaine Luetkemeyer (R-Mo.), chairman of the House Financial Services Subcommittee on Housing and Insurance, has released a set of principles regarding reauthorization of the National Flood Insurance Program, which expires Sept. 30, 2017.
Updated Manual to Clarify Flood Insurance Incentive Program
FEMA will soon release an updated CRS Coordinator’s Manual, the guidebook for the Community Rating System, an optional component of the National Flood Insurance Program that offers incentives to communities that do more than the minimum requirements to help citizens prevent or reduce flood losses.
FEMA Provides Early Notice for 2017 Program Changes
The insurance rate increase is part of the next round of changes to the National Flood Insurance Program that take effect April 1, 2017. These changes will further implement the Homeowner Flood Insurance Affordability Act of 2014 and the Biggert-Waters Flood Insurance Reform Act of 2012.
NAHB Members Stand Out at Flood Insurance Hearing
Inaccurate Flood Insurance Rate Maps inflate home prices, hike premiums for home owners and create havoc for small businesses, particularly the home builders, remodelers and other contractors working on residential construction projects in the nation’s floodplains, members told Senators today.
NAHB Cites Importance of Accurate Flood Insurance Rate Maps
During a June 3 industry roundtable in Kansas City hosted by House Housing and Opportunity Subcommittee Ranking Member Emanuel Cleaver (D-Mo.), NAHB Immediate Past Chairman Tom Woods said that any reform efforts regarding reauthorization of the National Flood Insurance Program must address the accuracy of Flood Insurance Rate Maps.
Changes to Flood Insurance Rates Effective April 1
A wide range of builders, developers, businesses, home owners and insurance agents operating in areas covered by the National Flood Insurance Program (NFIP) will be impacted.
Multifamily Building Owners Eligible for More Flood Insurance Coverage
On June 1, owners of multifamily rental buildings of more than five units will be able to obtain a maximum of $500,000 worth of insurance through the National Flood Insurance Program (NFIP), just like other commercial buildings. FEMA was given authority to make that change through the Biggert-Waters Flood Insurance Reform Act of 2012. This rule […]
