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

NFIP is getting a slight makeover, and the country's largest trade association weighed in
  • 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.

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?