A letter about Biggert-Waters Act shortcomings and Homeowner Affordability Act

Diana, Throughout 2013 and 2014 REALTORS® have been working to address serious shortcomings in the 2012 Biggert-Waters Flood Insurance Reform Act. This week the U.S. House of Representatives scheduled a vote on H.B. 3370, the Homeowner Flood Insurance Affordability Act. After careful consideration, the National Association of REALTORS® (NAR) strongly supports this bill and is actively encouraging every member of Congress to support it. NAR President Steve Brown has sent a letter of support, delivered by NAR lobbyists, to all Congressional members. You can read the letter from President Brown by clicking here. The letter outlines why we support the bill as amended. Once the House acts on this bill it will go to conference committee to work out the differences it has with the Senate bill passed a few months ago. Stay tuned for further developments - we will continue to update you on this important issue. Sincerely, David B. Bennett, CAE President & CEO Pinellas REALTOR® Organization