The Senate voted today to approve House-passed legislation that will extend the National Flood Insurance Program (NFIP) until Nov. 30. Absent congressional action, the program would have expired at 11:59 p.m. tonight.
It is anticipated that the four-month extension — which will keep home owners covered through the end of the hurricane season — will give the House and Senate time to hammer out a long-term reauthorization of the NFIP.
NAHB has been at the forefront of this issue, working with lawmakers on a viable, long-term bill.
The House last year approved a five-year reauthorization that would keep the NFIP fiscally sound and let builders provide safe and affordable housing.
The Senate continues to work on its own version of a long-term reauthorization of the program.
For more information, contact Jessica Hall at 800-368-5242 x8253.