Earlier this year Congress extended the National Flood Insurance Program (NFIP)until September 30, 2011. The NFIP authority would otherwise have expired September 30, 2010.

After several short-term authorizations this year and several periods of hiatus when new or renewing policies could not be written, this one year extension provides important stability and reliability to FEMA, Realtors, Home Builders, home buyers and sellers, and to current policy holders.

During the one year reauthorization, FEMA and Congress will continue their consideration of needed reforms to NFIP.