Realtors® Advocate Reform, Long-term Extension of National Flood Insurance Program

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WASHINGTON (March 11, 2011) – Congress needs to strengthen and reauthorize the National Flood Insurance Program for the long term to prevent undermining the fragile real estate market recovery, the National Association of Realtors® said in testimony today before the House Financial Services Subcommittee on Insurance, Housing and Community Opportunity.

The NFIP authority is set to expire on September 30 for the 10th time in two years. The program ensures access to affordable flood insurance for more than 5.6 million home and business owners in 21,000 communities nationwide.

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