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Urge your Senator to Vote for the Homeowner Flood Insurance Affordability Act
On March 4, the House of Representatives passed NAHB-supported H.R. 3370, the Homeowner Flood Insurance Affordability Act. This bill addresses serious affordability concerns due to dramatic flood insurance premium increases.
If not corrected, these increases will continue to severely impact the construction, remodeling and sale of homes in many communities across the nation.
This bill will provide certainty and financial stability to the National Flood Insurance Program. But the fight is not over: The bill now moves to the Senate for a vote — and NAHB needs your help to help make sure the right decision is made.
H.R. 3370 provides a more affordable rate structure for policyholders, repeals the rate increases from the sale or transfer of homes, restores the substantial improvement threshold to the historic 50%, requires FEMA to create more accurate flood maps, and ensures that consumers can be reimbursed for successful map appeals.
Call to action:
Call your Senator at 866-924-NAHB (6242)
Urge your Senator to vote YES on H.R. 3370, the Homeowner Flood Insurance Affordability Act.