MBA Calls for House Passage of Continuing Resolution, NFIP Extension

MBA President and CEO Bob Broeksmit, CMB, issued the following statement on H.R. 9747, the “Continuing Appropriations and Extensions Act, 2025,” which includes a three-month extension of the National Flood Insurance Program (NFIP):

“Our nation continues to face a housing supply and affordability crisis as well as the immediate threat this week of a major hurricane in the Southeast.

“The passage of this three-month CR would keep essential housing programs at the Department of Housing and Urban Development, Veterans Affairs, and the Department of Agriculture running without interruption and would also avoid a lapse of the NFIP, which would leave millions of Americans at risk by disrupting the purchase of flood insurance in communities across our country.

“MBA urges the House – and then the Senate – to pass this temporary, but critical funding package to ensure the continuity of critical government programs and operations that support single-family and multifamily housing markets and consumers.”