You did it! Late last week Congress finally acted on one of our key legislative priorities, a 5-year reauthorization of the National Flood Insurance Program (NFIP). The pundits said nothing would be accomplished in an election year. But you proved them wrong because you didn’t give up, and you have the victory to confirm it!
The 5-year reauthorization will bring certainty to real estate transactions in more than 21,000 communities nationwide where flood insurance is required for a mortgage. The bill ensures the program will continue long-term for more than 5.6 million business- and home owners who rely on it.
This has been a long, arduous battle. The NFIP suffered through 25+ short-term extensions; hobbling along for more than seven years without a long-term reauthorization. Because of your resolve, NAR's management and leadership, and most importantly you, stayed the course to give lenders and homeowners more certainty in the mortgage and real estate market place with available flood insurance for existing homeowners and those buying and selling.
I am sending you this email to reinforce the commitment NAR made to you. As one of our key activists, and every other member, you expect us to persevere on issues of importance to consumers, homeowners, and future homeowners. It was your charge to us not to give up, not to accept anything less than a long-term reauthorization of NFIP. We battled to get every short-term extension until the full 5-year reauthorization was approved.
I am proud of you. New battles surely lay ahead and there will few easy victories.
Now more than ever, it is our responsibility to be steadfast protectors of the American Dream of homeownership. If not us, who? If not now, when? So, when we call on you like we did to rally, when we call on you like we do to respond to the calls for action, and when we ask for you to invest in RPAC, please, continue to show your commitment. This latest legislative victory shows what the REALTOR® Party can accomplish when we choose not to give up or give in.
Have a great Fourth of July weekend everyone! Rally on REALTOR® Party!
Moe Veissi, 2012 NAR President REALTORS® are the Heart of the Deal!