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Reauthorization of the National Flood insurance program

September 23, 2011
Estherville Daily News

To the Editor,

Congress is currently debating an issue that may impact Americans' ability to acquire a mortgage. Without reauthorization, the National Flood Insurance Program (NFIP) will expire on September 30, 2011.

Floods claimed more lives and property than any other natural disaster in the U.S. in the last century. In fact, ninety-seven percent of the U.S. population lives in a county that has declared a major flood disaster since 1990. From 1990 to 2005, flood disasters were declared in every state - along rivers, lakes, behind levees and dams, anywhere snow melted or rain fell. In June 2011, they were declared in Iowa, Kansas, Indiana, Nebraska, Montana, Vermont, New York, Alaska, Illinois and Oklahoma.

Today, 5.6 million property owners rely on the NFIP in order to buy and sell real estate in 21,000 communities where flood insurance is required for federally related mortgages. Without the program, people in these areas may not have an affordable option to protect themselves from flooding.

Because of the significant impact the program makes on local real estate markets, many believe the program is vital to the long-term recovery of housing markets across the nation, and ultimately, the economy.

Maintaining available and affordable flood insurance for all Americans that need it is vital to keeping the market running smoothly.

The Iowa Association of Realtors and the National Association of Realtors are asking Congress to reauthorize the National Flood Insurance Program long-term to ensure Americans who need it have access to affordable flood insurance. If this issue is important to you, please join me in contacting our legislators today. For more information, visit

Source: National Association of Realtors, Iowa Association of Realtors,


Jodi Tusa

President, Iowa Great Lakes Board of Realtors



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