(866) 924-NAHB (6242)
The House of Representatives will soon be considering the NAHB-supported H.R. 3370, the Homeowner Flood Insurance Affordability Act. This bill addresses serious affordability concerns due to dramatic flood insurance premium increases, and if not corrected, will continue to severely impact the construction, remodeling, and sale of homes in many communities across the nation. This bill will provide certainty and financial stability to the National Flood Insurance Program.
H.R. 3370 provides a more affordable rate structure for policyholders, repeals the rate increases from the sale or transfer of homes, restores the substantial improvement threshold to the historic 50%, requires FEMA to create more accurate flood maps, and ensures that consumers can be reimbursed for successful map appeals.
Call to action:
- Call your Representative at (866) 924-NAHB (6242)
- Urge your Representative to vote YES on H.R. 3370, the Homeowner Flood Insurance Affordability Act.