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National Flood Insurance Program Extended -- Again!

The National Flood Insurance Program (NFIP) has been extended until September 30, 2020. This marks the 15th extension (and longest) in about two years. The NFIP had been set to expire on December 20, 2019.

The National Association of REALTORS®  supports and continues to push for a long-term authorization of the NFIP along with meaningful reforms to improve the program.

Another extension as part of the same funding bill was the reauthorization of the Terrorism Risk Insurance Program for seven years. Terrorism risk insurance is often required to secure necessary financing for commercial transactions. Posted 1/17/2020

 

 
National Flood Insurance Program Extended

Congress has extended the National Flood Insurance Program through November 21, 2019. (The Program was set to expire on September 30th.) The National Association of Realtors continues to urge Congress to work on a long-term reauthorization of the National Flood Insurance Program.

Realtors strongly support the NFIP Reauthorization Act, which includes a 5-year extension as well as significant reforms to improve mapping, enhance mitigation and remove obstacles to private flood insurance. The legislation has been unanimously approved by the House Financial Services Committee and offers a sensible bipartisan alternative to further stopgap extensions and lapses. Posted 9/30/19

 
RVAR Endorses Paul Mahoney for Roanoke County Board of Supervisors

RVAR's Board of Directors has endorsed Paul Mahoney in the upcoming election for Roanoke County Board of Supervisors - Cave Spring District race. All three candidates in this race participated in the candidate interviews with questions focused on the top issues facing the district: creating and/or expanding jobs in the region, views of the 3 ReImagine Planning Studies (specifically the 419 Town Center Plan), improvements to the aging infrastructure and funding, and support of expanding Valley Metro to increase coverage and operation times. A $1,000 RPAC contribution will be made to Mahoney's campaign.

The election will take place on Tuesday, November 5th. Remember to vote!

Special thanks to RVAR's Governmental Affairs Committee and the members of the interview panel for their efforts to conduct the interviews. 

 
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