Call for Action: National Flood Insurance Program (NFIP)
LOUISIANA REALTORS • June 20, 2018
The National Association of REALTORS (NAR) and Louisiana REALTORS is supporting a national Call For Action
(CFA) beginning June 18th and targeting the United States Senate and House of Representatives to reauthorize the National Flood Insurance Program (NFIP).
If Congress fails to take action to reauthorize the NFIP, it will expire by July 31, 2018 and cause issues in the market with transactions. REALTORS are the front line advocates for homeowners and need to respond and get the message out on the Hill.
David McKey is a broker/owner of Coldwell Banker One in Baton Rouge, LA. McKey has served on the NAR Insurance Committee and has worked hard on the National Flood Insurance Program (NFIP). This video discusses the importance of responding to the Call for Action and why the reauthorization of the NFIP is so important to homeowners and to the economy.
Louisiana REALTORS® CEO Norman Morris issued the following statement after SpaceX announced plans to invest $100 billion in a new launch facility in Vermilion Parish. The project is expected to create 3,000 direct jobs and more than 8,100 indirect jobs across Acadiana. “SpaceX’s investment is an extraordinary economic win for Louisiana. We congratulate Governor Jeff Landry, Louisiana Economic Development Secretary Susan Bourgeois, Vermilion Parish leaders, and everyone who helped bring this historic project home. The housing and infrastructure improvements needed to support more than 11,000 new job opportunities should generate a huge economic boost to the Acadiana and Gulf Coast region. According to the National Association of REALTORS®, each typical Louisiana home sale generates approximately $88,600 in economic activity. Even if only half of the new SpaceX related jobs lead to a home purchase, the impact would generate nearly half a billion dollars across our state's economy. That improves our tax base and school systems, and ripples through our economy touching builders, bankers, hardware stores, appliance dealers, contractors and so many more. “Housing is not downstream of economic development; it is an essential infrastructure. Louisiana REALTORS® and our partners stand ready to help turn these new jobs into homes, stronger communities and lasting roots in Louisiana. Economic development creates jobs, but housing turns those jobs into homes. Let’s make Louisiana home again, together.” Economic-impact estimates are illustrative calculations by Louisiana REALTORS® using employment projections from Louisiana Economic Development and the National Association of REALTORS®’ estimated economic impact per typical Louisiana home sale. They are not forecasts or recurring annual-impact figures. Enjoy the video below from the Louisiana Department of Economic Development .
Explore technology investments that help Louisiana real estate agents stay organized, strengthen client relationships, and market more effectively.
Selling a home in Louisiana? See how an experienced real estate agent helps keep your transaction on track from offer acceptance to closing.
