Blog Layout

National Flood Insurance Program (NFIP) Extended Until September 30, 2021

Louisiana REALTORS • Oct 01, 2020

The U.S. Senate approved a bill Wednesday, September 30, 2020, that funds the federal government through Dec. 11; the bill includes a full-year extension of the National Flood Insurance Program (NFIP) and surface transportation funding. The bill, which was passed by the U.S. House last week, now goes to President Trump. He is expected to sign it. Under the agreement, NFIP authority is extended through Sept. 30, 2021.
 
“This is the second year in a row we have secured a full fiscal year extension for flood insurance. It is a victory for REALTORS® and something we fought for very hard,” says Shannon McGahn, the incoming chief advocacy officer for NAR. 
 
Also included in the continuing resolution is a similar extension of surface transportation funding.
 
“Transportation projects take years from concept to completion, and any lapse in funding is especially disruptive,” McGahn says. “This is a big win, especially for our commercial members who are eagerly looking toward a post-coronavirus market."

While this extension provides some relief for homebuyers and sellers, it is far from a permanent fix. NAR continues to urge Congress to work toward a consensus on the NFIP Reauthorization Act.

"As the 116th Congress nears its end, the House and Senate are missing a golden, bipartisan opportunity to move meaningful NFIP reform legislation authored by Chairwoman Maxine Waters and Ranking Member Patrick McHenry, which addresses the program’s viability and affordability," said NAR President Vince Malta. "NAR urges Congress to make long-term reform a priority moving forward."

Louisiana REALTORS® is regularly in communication with the Louisiana Congressional delegation on this very important topic.

NAR President Kevin Sears’ Update from the Road at Broker Summit

By Louisiana REALTORS® • 23 Apr, 2024
Last week, NAR President Kevin Sears checked in from the NAR Broker Summit, where he learned new tools to strengthen his business alongside several hundred fellow brokers. Next stop, Washington, DC for the REALTORS® Legislative Meetings, where we’ll show Congress our grassroots strength in action. We encourage you to watch Kevin’s video here to learn more about what NAR is advocating for this year at RLM. As always, the overarching theme is increasing access to homeownership. This video is also in the video section of our website. Stay tuned for Kevin’s next update.

Motion Filed for Preliminary Approval of Settlement Agreement

By Louisiana REALTORS® • 22 Apr, 2024
Update from Katie Johnson, NAR Chief Legal Officer and Chief Member Experience Officer

Session Scoop: April 19, 2024

By Louisiana REALTORS® • 19 Apr, 2024
Bill Tracking Report as of 4/19/2024
Show More
Share by: