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NAR supports six of seven bills proposed to reauthorize, reform National Flood Insurance Program

06/30/2017

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What do you do when the House Financial Services Committee is working on seven bills that reauthorize and tweak the National Flood Insurance Program (NFIP) — and you agree with six of the seven? If you’re the National Association of Realtors (NAR), you put together a letter outlining exactly where the legislation hits the mark (and where it misses), and you send it off. The committee approved the bills last week, and NAR President William E. Brown said in a statement released last Friday, when the legislation markup concluded, that he hoped the issues with the bills would be addressed as it winds its way through the House and Senate. [gview file=”https://www.inman.com/wp-content/uploads/2017/06/2017.06.12-HFSC-NFIP-Markup-letter.pdf”] What’s the NFIP? The NFIP has been around since 1968. The program makes flood insurance available to property owners in “Special Flood Hazard Areas” where insurance companies might not otherwise offer it. NAR made NFIP reauthorization and refo…

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