On February 9, 2019, Congress extended the National Flood Insurance Program (NFIP) as part of a broader budget agreement. NAR is urging the Senate to use the time to work on comprehensive NFIP legislation that provides a 5-year reauthorization and includes meaningful reforms to strengthen the program and open the door to a private market for flood insurance.
NAR sent a letter (link is external) in support of the budget agreement, which also extended several key tax provisions in addition to keeping the NFIP operating through March 23.
Information Courtesy of the National Association of REALTORS®.
Questions: Contact Brenda Morton, Government Affairs and Communications Manager, at (703) 777-2468 or bmorton@dullesarea.com.