This week, Congress passed another short-term extension of the National Flood Insurance Program (NFIP) as part of a larger funding package for the federal government. The reauthorization, which has been a key priority of the multifamily industry, provides a lifeline until December 22, 2017, when Congress must once again renew the program.
NMHC/NAA worked aggressively over the past year to educate policymakers about the importance of the NFIP and the unique role it plays in the multifamily industry. NMHC/NAA are once again urging Congressional leaders to take swift action to ensure the program does not lapse and will continue to work with Congress to ensure that the multifamily industry’s legislative priorities are included in whatever long-term reauthorization package becomes law.
NMHC/NAA believe that a long-term reauthorization and programmatic reforms are necessary to ensure the ability of the industry to manage flood risk and provide secure housing for many of the 39 million Americans who live in apartments.
- Coalition Letter Regarding Flood Mapping to Appropriators - April 2020
- FEMA Extends NFIP Renewal Grace Period in Response to COVID-19
- Shutdown Avoided: Flood Insurance Program Extended, Real Estate Industry Supports Assisted Housing Funding
- Real Estate Industry Letter to Appropriations Committees - November 2019
- National Flood Insurance Program Extended Once Again