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The NFIP has played a critical role in determining the use
and development of flood-prone areas and managing
the risk of flooding for residential properties. A strong NFIP
helps ensure that the housing industry can provide safe,
decent and affordable housing to consumers under the
In a Win for NAHB, House direction of local jurisdictions.

Due to a congressional mandate, all structures built
Leaders Agree on Long-Term within the 100-year floodplain that have a federally backed
Flood Insurance Deal mortgage must carry flood insurance.

The Waters-McHenry bill would:
In an important victory for NAHB, House Financial Increase funding for flood risk mapping and
Services Committee Chair Maxine Waters (D-Calif.) and mitigation.
Ranking Member Patrick McHenry (R-N.C.) have reached Provide premium credits for not currently recognized
an agreement on a five-year reauthorization of the mitigation activity.
National Flood Insurance Program (NFIP) through Sept.
Create a new zone to account for levee-
30, 2024.
protected areas.
For the past seven years, NAHB has made passage of
Establish umbrella coverage options for multifamily
a long-term NFIP reauthorization a top legislative priority
development.
to ensure that federally backed flood insurance remains
available, affordable, predictable and financially stable. Senate Banking Committee Chair Mike Crapo (R-Idaho)
During this time, the program had 12 short-term extensions. has indicated he will consider the legislation in the Senate.
The most recent occurred last week when Congress NAHB will urge Congress to swiftly pass this legislation.
approved disaster relief legislation that provides a four-
month extension of the NFIP through Sept. 30. NAHB JUNE 2019

20 JULY 2019 | GREATER SAN ANTONIO BUILDERS ASSOCIATION