29
May
Federal Flood Insurance Program Could Lapse and Jeopardize Home Sales
From NAHB Now
The National Flood Insurance Program (NFIP) is facing a short-term lapse and any home buyers who require federal flood insurance are encouraged to move any June closings up to May 31 if possible.
The NFIP is due to expire at 11:59 p.m. on May 31. The Senate has approved two bills to extend the program.