The
other
organizations
that
signed
the
letter
include
the

American
Land
Title
Association
(ALTA),
the

National
Flood
Association
and
the

American
Bankers
Association,
among
others.

“As
stakeholders
representing
real
estate,
insurance,
lending,
and
state
and
local
governments,
we
urge
Congress
to
act
decisively
to
ensure
stability
and
certainty
for
the
millions
of
Americans
who
rely
on
this
vital
program
to
protect
their
families
and
properties
from
flooding,”
the
groups
wrote.

The
NFIP
has
been
extended
34
times
through
short-term
measures
since
2017,
with
lawmakers
unable
to
agree
on
broader
reforms.

During
the
recent
government
shutdown,

NFIP
lapsed,
which
halted
new
policies
and
renewals
for
more
than
a
month
—
its
longest
interruption
in
nearly
a
decade.

Previous

HousingWire
coverage

estimated
that
the
lapse
could
have
derailed
1,400 home
sales every
day
of
the
shutdown.

NFIP’s
current
authorization
expires
Jan.
30,
2026.

“The
unavailability
of
the
NFIP
for
any
period
of
time
is
highly
disruptive
to
the
mortgage
and
commercial
lending
processes,
to
the
availability
of
financial
and
technical
assistance
to
homeowners
of
repetitive
loss
properties,
and
to
NFIP
policyholders
attempting
to
renew
their
expiring
policies,”
the
letter
stated.

The

MBA
said
it
will
continue
working
with
coalition
partners
to
push
for
a
long-term
reauthorization
that
provides
stability
and
extends
the
program
well
beyond
the
current
fiscal
year.