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National Flood Insurance Program (NFIP)

NAR supports renewing and strengthening the long-term viability of the federal flood insurance program, as well as maintaining funding to update and improve the accuracy of flood maps.

June 27, 2014
On June 24, the FHA responded to a request from NAR and other groups, regarding the use of the 203k rehabilitation/renovation loan program for flood mitigation.  In the letter, dated February 6, 2014, NAR and the coalition asked FHA to confirm the eligibility of the Federal Housing Administration's FHA Section 203k program for the rehabilitation of homes that have not been damaged in a flood, but are at risk of damage from future flood events.  The 203k has been used in flooded areas to rebuild homes, and the coalition wanted assurance that the program could be used for mitiga
June 6, 2014
On May 30, 2014, FEMA announced the Flood Premiums and Rate Tables for 2015.
April 30, 2014
Effective May 1, 2014, all buyers of older properties (“pre-FIRM”) will see a premium rate reduction under the Homeowner Flood Insurance Affordability Act of 2014.
April 16, 2014
On April 15, 2014, FEMA issued a WYO Company Bulletin implementing the first provisions of the Flood Insurance Affordability Act and providing immediate rate relief to homebuyers.
April 4, 2014
NAR President Steve Brown met with the Director of the National Flood Insurance Program on April 1, 2014 to discuss issues related to implementing the Homeowner Flood Insurance Affordability Act (HFIAA) that was recently signed into law.

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