The House and Senate have approved disaster relief legislation that extends funding for the National Flood Insurance Program
(NFIP) for another four months through Sept. 30, 2019.
With the House in recess last week, NAHB played an instrumental role
to assure the chamber approved a two-week stopgap measure to prevent the program from lapsing on May 31.
Congress requires all properties within the 100-year floodplain that are purchased with a federally backed mortgage to carry flood insurance. So it is essential that authorization for the program does not lapse.
NAHB continues to work with Congress to achieve a long-term reauthorization of the NFIP that will keep the program fiscally sound and let builders provide safe and affordable housing.
For more information, contact Jessica Hall
at 800-368-5242 x8253.