As events continue to unfold in Texas, NAR President Bill Brown reiterated that the immediate focus of the Association and its 1.2 million REALTOR® members is to support those affected by this tragic natural disaster. To help those in need, the REALTOR® Relief Foundation is collecting donations at www.nar.realtor/programs/realtors-relief-foundation/donate.
In addition to supporting relief efforts NAR is engaged in legislative advocacy to ensure the National Flood Insurance Program does not expire on September 30, 2017. Without Congressional action, the program will lapse adding confusion and uncertainty for current and future NFIP policyholders. The current NAR Call for Action asks REALTORS® to contact their Member of Congress and urge passage of HR 2874, the 21st Century Flood Reform Act.
Why NAR Supports the 21st Century Flood Reform Act:
UNLV’s Lied Institute for Real Estate Studies recently released the latest report in its series on the Nevada Housing market. The reports provide monthly updates on housing market trends for stakeholders throughout Nevada. The state-wide numbers were up to date through May of 2017. Some key trends were pointed out in the report.
NAR lobbyists are optimistic that the House of Representatives will pass a bill reauthorizing the National Flood Insurance Program set to expire Sept. 30 . The House bill meets all of NAR’s objectives, Jamie Gregory, NAR’s deputy chief lobbyist, told attendees on Monday at NAR’s Leadership Summit for local association executives and presidents held in Chicago. He is hopeful that passage in the House will help spur Senate action to improve its version of the bill. The Senate six-year extension bill does not address access to private market insurance and several other reforms supported by NAR. “The most critical thing is to get the House bill moving,” he said. NAR on Aug. 22 will issue a Call for Action to REALTORS® in support of the critical need for long-term reauthorization of the flood insurance program. Talking points.