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CFA OPEN DATE: JUNE 18, 2018

CFA CLOSE DATE: JULY 31 2018

TOTAL DAYS CFA WAS OPEN: 44 DAYS

ISSUE BACKGROUND: The National Flood Insurance Program (NFIP) provides insurance coverage for properties in floodplains across the country. Flood insurance coverage is required for federally-backed mortgages and in many of these areas, is extremely expensive to purchase on the private market. The NFIP is a Congressionally-authorized program. Due to consistent interest in wholesale reforms to the program, the NFIP has been placed in a revolving cycle of reauthorization at 3 or 6-month intervals. Legislative action was needed to reauthorize the program prior to its expiration on July 31.

PARTICIPATION GOAL: 4,911 [20%] OF MEMBERSHIP

TOTAL ACTION TAKERS: 4,099

MEMBER PARTICIPATION RATE: 16.59%

LOCAL ASSOCIATION PARTICIPATION:

The following local associations achieved or exceeded 20 percent member participation on this Call for Action. Great job!

• ALBEMARLE AREA ASSOCIATION OF REALTORS®
• BRUNSWICK COUNTY ASSOCIATION OF REALTORS®
• BURLINGTON ALAMANCE COUNTY ASSOCIATION OF REALTORS®
• CAPE FEAR REALTORS®
• CARTERET COUNTY ASSOCIATION OF REALTORS®
• CLEVELAND COUNTY ASSOCIATION OF REALTORS®
• GASTON ASSOCIATION OF REALTORS®
• LEXINGTON-DAVIDSON COUNTY ASSOCIATION OF REALTORS®
• MCDOWELL BOARD OF REALTORS®
• MID CAROLINA REGIONAL ASSOCIATION OF REALTORS®
• MOUNTAIN LAKES BOARD OF REALTORS®
• NEUSE RIVER REGION ASSOCIATION OF REALTORS®
• OUTER BANKS ASSOCIATION OF REALTORS®
• SALISBURY/ROWAN ASSOCIATION OF REALTORS®
• SURRY REGIONAL ASSOCIATION OF REALTORS®
• TOPSAIL ISLAND ASSOCIATION OF REALTORS®
• UNION COUNTY ASSOCIATION OF REALTORS®
• WASHINGTON BEAUFORT COUNTY BOARD OF REALTORS®
• WILKES COUNTY ASSOCIATION OF REALTORS® WILSON BOARD OF REALTORS®

Check out the complete stats for all local associations.

WHAT’S NEXT:

Unfortunately, when Congress took action, they only reauthorized the NFIP for roughly 5 months. This means that the reauthorization fight will begin again in advance of the November 30 expiration. Discussion is being had by members in both chambers regarding long-term reauthorization of the program in exchange for significant reforms.

Follow NAR’s National Flood Insurance Program issue page for more information on this evolving discussion.