House Financial Services Housing and Insurance Subcommittee releases discussion draft on National Flood Insurance Program reform

~ Oklahoma Coalition for Affordable Housing

On May 25, Rep. Sean Duffy (R-Wis.) chairman of the Housing and Insurance subcommittee released draft legislation to reform the National Flood Insurance Program (NFIP). The draft legislation includes expanding the role of private flood insurers, getting the federal program to buy more reinsurance on the private market and making it easier for homeowners that keep getting flooded to move, which both Republicans and Democrats agree needs to be done to strengthen the program. Many issues, especially affordability, will require much more legislative debate to resolve.

Published by Oklahoma Coalition for Affordable Housing

The vision of OCAH: That all Oklahomans have the opportunity to live in safe, healthy and affordable homes. Our Mission: To lead the movement to ensure that all residents of the state of Oklahoma flourish in safe, affordable homes and to help communities develop safe and affordable housing options for all of their residents. We reach our mission through advocacy, education and practical training to foster the production and maintenance of affordable housing throughout the state.

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