Flood insurance program extended

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Not many people seem to agree on anything in D.C. right now, but there is one thing receiving praise from the National Association of Home Builders (NAHB) and National Association of Realtors (NAR) – flood insurance.

Democrats and Republicans worked together to reauthorize flood insurance through most of 2024. The NAR President praised the bipartisan agreement to provide some stability for national flood insurance for years to come. A strong flood insurance program helps stabilize the housing market and provide affordable housing in areas at a higher risk of flood damage.

It wasn’t that long ago some people thought the flood insurance program wouldn’t receive more funding, and now we have five years authorized – an eternity in politics these days!

Flood insurance isn’t just for the coasts. Sure we think of places like Savannah, Charleston, and New Orleans, but there are plenty of places in the metro Atlanta area in flood zones. Without this program, large areas of residential homes in the US would be at risk causing a housing shortage and creating more issues in the housing market (especially when it comes to affordability).

A job well done on a program impacting millions of families in the U.S.

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