We need your help. The National Flood Insurance Program (NFIP) is due to expire on September 30, 2017 and it’s important to let Washington know where we as REALTORS stand. Please join me and the National Association of REALTORS (NAR) in asking your Member of Congress to support H.R. 2874, “The 21st Century Flood Reform Act.”
We must act now and avoid a shutdown of the NFIP. H.R. 2874 reauthorizes the program and makes a number of critical improvements including increased funds for mitigation activities, caps on overall premium increases, improved claim and mapping processes, and removes hurdles for more private market participation in the flood insurance market.
Bottom Line: The NFIP is set to expire on September 30, 2017 and H.R. 2874 would reauthorize it for 5 years with a number of critical improvements helping over 5 million homeowners in 22,000 communities around the country.
If you wish to educate yourself further on the issue, below are some helpful links provided by NAR.
- HR 2874 Talking Points
- NAR Section-By-Section Analysis of HR 2874
- NAR Flood Insurance Portal
- Legislative Analysis
Thanks for your time and please click here to take action, now!