The National Flood Insurance Program (NFIP) will expire on July 31, denying necessary insurance coverage to homeowners and buyers in more than 20,000 communities nationwide. Congress must act now to reform and extend the NFIP.
Reauthorizing and gradually strengthening the NFIP so it is sustainable over the long run;
Encouraging the development of private market options to offer comparable flood insurance coverage at lower cost than NFIP;
Providing federal assistance to high-risk property owners, including guaranteed loans, grants and buyouts in order to build to higher standards and keep insurance rates affordable;
Provide fair flood insurance rates that better reflect the property’s flood risk;
Improving flood map accuracy, so fewer property owners have to file expensive appeals.
Thank you for your support on this important issue!
Published by Angie Hedgepeth
Angie Hedgepeth, Government Affairs Director for the Association, attends all the local meetings each month, as well as NAR and NCAR meetings, and keeps members abreast of the multiple issues being addressed in local, state and national government. She prepares reports on the meetings she attends and they are included in the weekly "Government Affairs Update".
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