National Flood Insurance Program (NFIP) Extended
On December 21, 2017, Congress extended the National Flood Insurance Program (NFIP) as part of the continuing resolution to keep the government open through January 19. NAR will continue working with Congress to ensure that the NFIP does not lapse while the Senate works on its version of the 5-year reauthorization and reform measure.
Statement From NAR President William E. Brown:
“Extending the National Flood Insurance Program was a must-do item, and Congress delivered. That’s good news for consumers, as well as an opportunity for proponents of meaningful reform. With a short extension on their side, leaders in the House and Senate should continue work on the 21st Century Flood Reform Act to strengthen the NFIP and ensure the long-term certainty that current and future homeowners demand.”