On September 30, 2022, the President signed a continuing government funding resolution that extends the National Flood Insurance Program (NFIP) until December 16, 2022 among other measures.

The resolution provides continuing appropriations for federal agencies and extends several expiring programs and authorities. Its passage prevented a government shutdown that would otherwise occur.

“NFIP reauthorization is an opportunity for Congress to take bold steps to reduce the complexity of the program and strengthen the NFIP’s financial framework so that the program can continue helping individuals and communities take the critical step of securing flood insurance,” said the program’s administrator, the Federal Emergency Management Agency, in a statement.

NAR has prepared a Frequently Asked Questions (FAQ) sheet about what NFIP reauthorization means for real estate transactions. Please find the latest NFIP updates at https://www.nar.realtor/flood-insurance.

Notice: The information on this page may not be current. The archive is a collection of content previously published on one or more NAR web properties. Archive pages are not updated and may no longer be accurate. Users must independently verify the accuracy and currency of the information found here. The National Association of REALTORS® disclaims all liability for any loss or injury resulting from the use of the information or data found on this page.
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