Gov't Affairs, Govt - Nation

Nation: Flood Insurance Hearings

The House of Representatives held the first of several hearings on the National Flood Insurance Program (NFIP). The Senate held a hearing on March 14. The NFIP must be reauthorized to continue selling flood insurance after September 30 of this year. The purpose of these hearings is to solicit ideas for how to restructure the… Continue reading Nation: Flood Insurance Hearings

Gov't Affairs, Govt - Nation, Govt - State of Colorado

Nation: NAR Proposes Changes to Condo Certification Requirements

On November 28, 2016, NAR submitted a comment letter to the Federal Housing Administration (FHA) regarding proposed changes to FHA Condominium certification requirements. Many of the proposed changes align with areas REALTORS® have expressed a need for more lenience and reflects NAR advocacy on these matters. The NAR letter specifically asks FHA to: Remove the… Continue reading Nation: NAR Proposes Changes to Condo Certification Requirements

Gov't Affairs, Govt - Nation, Govt - National Assoc. of Realtors® (NAR)

Nation: NAR Testifies on Flood Insurance

On June 30, 2016, Vice Chair David McKey of NAR’s Insurance Committee testified on the small business impacts of inaccurate flood insurance rate increases. The National Flood Insurance Program (NFIP) is up for renewal next year, and must be reauthorized before September 30, 2017 in order to continue providing flood insurance in 22,000 communities nationwide… Continue reading Nation: NAR Testifies on Flood Insurance

Gov't Affairs, Govt - County Larimer

Larimer: Expect Changes To Flood Plain Maps

In the wake of the devastating September 2013 flood Larimer County officials want to review the County’s flood plain maps. In some cases rivers moved and/or created new channels, for example. FEMA does not require periodic review of flood plain maps but local governments often begin the process by making the request of State and… Continue reading Larimer: Expect Changes To Flood Plain Maps

Gov't Affairs, Govt - National Assoc. of Realtors® (NAR)

President Issues Order on Flood Risk Standards

President Obama issued Executive Order 13690, “The Federal Flood Risk Management Standard” (FFRMS) at the end of January. The new federal flood risk standard requires all future federal investments in and affecting floodplains to meet the level of resilience as established by the Standard. The Standard was issued to further the Climate Action Plan; flood… Continue reading President Issues Order on Flood Risk Standards

Gov't Affairs, Govt - National Assoc. of Realtors® (NAR)

NAR Supports Bill to Delay Changes in Flood Insurance

On Oct. 29, 2013, Senators Robert Menendez and Johnny Isakson introduced the NAR-supported “Homeowner Flood Insurance Affordability Act” (S. 1610), to delay unintended rate increases under the Biggert-Waters law and its implementation. Congress passed the Biggert-Waters Flood Insurance Reform Act in 2012. It required the Federal Emergency Management Agency (FEMA), and other agencies, to make… Continue reading NAR Supports Bill to Delay Changes in Flood Insurance