MBA Calls for House Passage of Continuing Resolution, NFIP Extension

WASHINGTON, D.C. (September 24, 2024) - MBA's President and CEO Bob Broeksmit, CMB, issued the following statement on H.R. 9747, the "Continuing Appropriations and Extensions Act, 2025," which includes a three-month extension of the National Flood Insurance Program (NFIP):

"Our nation continues to face a housing supply and affordability crisis as well as the immediate threat this week of a major hurricane in the Southeast.

"The passage of this three-month CR would keep essential housing programs at the Department of Housing and Urban Development, Veterans Affairs, and the Department of Agriculture running without interruption and would also avoid a lapse of the NFIP, which would leave millions of Americans at risk by disrupting the purchase of flood insurance in communities across our country.

"MBA urges the House - and then the Senate - to pass this temporary, but critical funding package to ensure the continuity of critical government programs and operations that support single-family and multifamily housing markets and consumers."