Flood Insurance Issues
In This Section
Nationwide availability of affordable flood insurance is an important part of sustainable homeownership and building communities.
Overview: The increase of frequency and severity of flooding events in the United States, combined with evolving risks associated with chronic inundation from rising sea levels necessitate a more robust flood insurance system. Expanding space for a private market, ensuring long-term reauthorization of the NFIP, and providing clear guidance on acceptable policies in mandatory purchase zones are all important facets of improving American resiliency to flood events.
Recent MBA Activity Related to Flood Insurance Issues
- Joint Trades Letter: Coalition on NFIP Reauthorization (November 22, 2018)
- Letter: MBA to US House on Support for NFIP Reauthorization (July 25, 2018)
- Joint Trades Letter: Coalition to Congress on NFIP Lapse (July 10, 2018)
- Joint Trades Letter: Coalition to FHA on Flood Insurance Requirements (July 26, 2017)
- Joint Trades Letter: Coalition to Congress on Support for Flood Insurance Market Parity and Modernization Act (July 14, 2017)
- Letter: MBA to Congress on Support for Flood Insurance Market Parity and Modernization Act (March 8, 2017)
- Comment Letter: MBA to Agencies on Notice of Proposed Rulemaking for Special Flood Hazards (January 6, 2017)
- Comment Letter: MBA to HUD on Proposed Rule regarding Minimum Property Standards for Flood Hazard Exposure and FFRMS (December 21, 2016)