December 17, 2011--Congress extended National Flood Insurance Program (NFIP) authority through May 31, 2012.
This latest extension was a part of H.R. 2055 combining the remaining nine appropriations bills to fund the federal government for FY2012.
National Association of Realtors® continues to urge Congress to use the additional time to complete work on a 5-year NFIP re-authorization bill (H.R. 1309) to provide certainty and avoid further disruption to real estate markets.