The U.S. House of Representatives approved a four-month extension of the National Flood Insurance Program (NFIP) earlier today, increasing the need for more REALTORS® to participate in the NAR Call for Action.

The House passed the National Flood Insurance Program (NFIP) Extension Act of 2018 by a vote of 366-52, easily reaching the two-thirds majority – 287 yes votes – needed to advance the bill to the Senate.

Both chambers of Congress must approve the bill before the program expires on July 31 or millions of property owners nationwide could be without necessary insurance coverage. NAR CEO Elizabeth Mendenhall encouraged members to keep the pressure on Congress.

Mendenhall

“Flooding is the most common and costly disaster in the United States. Without an extension of authority, the National Flood Insurance Program cannot write or renew flood insurance in 22,000 communities nationwide,” Mendenhall said. “… We urge the Senate to take swift action on this bill before the program expires on July 31.”