The Senate voted 86-12 last week to extend the National Flood Insurance Program (NFIP) until November 30, 2018. The House passed the bill (S. 1182) a week before on a 366-52 vote. Congress extended NFIP without making any reforms, which will eventually be needed in order to place the program on a financially sustainable path and preserve affordability for low- and moderate-income households. NFIP remains $25 billion in debt despite last year’s disaster relief bill, which forgave $16 billion in debt owed by the program.
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. View all posts by Oklahoma Coalition for Affordable Housing