The National Flood Insurance Program (NFIP) has been extended through Dec. 8, part of H.R. 601 passed by the House and Senate on Thursday and signed swiftly into law by President Trump on Friday. The NFIP was going to expire Sept. 30.
The extension comes at a critical time for the hundreds of thousands of Americans impacted by Hurricane Harvey and in the path of Hurricane Irma. According to a statement from the White House:
The President appreciates Congress putting aside partisan politics and acting quickly to ensure that first responders, local officials, and federal emergency management personnel have the resources they need to respond to the natural disasters impacting our nation. H.R. 601 provides an additional $15.25 billion in emergency appropriations for disaster relief and extends the authorization of the National Flood Insurance Program through December 8, a welcome action for all of those affected by these terrible disasters.
“Extending the National Flood Insurance Program was a must-do item, and Congress delivered,” said National Association of REALTORS® (NAR) President Bill Brown in a statement. “That’s good news for consumers, as well as an opportunity for proponents of meaningful reform. With a short extension on their side, leaders in the House and Senate should continue work on the 21st Century Flood Reform Act to strengthen the NFIP and ensure the long-term certainty that current and future homeowners demand.”
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