NAR supports six of seven bills proposed to reauthorize, reform National Flood Insurance Program

  • The bill NAR opposes would eliminate grandfathering and tweak flood mapping in a way that NAR said would unfairly burden homeowners by making them responsible for providing elevation data.
  • The association supports other tweaks to the program, such as establishing a $10,000 rate cap, removing barriers for the private market and developing plans for mitigating loss.

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What do you do when the House Financial Services Committee is working on seven bills that reauthorize and tweak the National Flood Insurance Program (NFIP) — and you agree with six of the seven?