NHMC Calls for Reauthorization of National Flood Insurance Program

National Multifamily Housing Council pic

National Multifamily Housing Council
Image: nmhc.org

Working from his group, Jason Cohen Pittsburgh, Jason Cohen consults with clients on making investments in multifamily housing and other types of properties. Apart from responsibilities at his Pittsburgh group, Mr. Cohen supports the National Multifamily Housing Council.

In solidarity with the National Apartment Association (NAA), the National Multifamily Housing Council (NMHC) recently called for Congress to pass legislation to reauthorize the National Flood Insurance Program (NFIP), sending letters to both the Republican and Democratic leaders of the Senate Committee on Banking, Housing and Urban Affairs

In a joint statement, the groups commended the committee for holding hearings on the issue, which represents the first step in the reauthorization process. In particular, they stressed the importance of the program to apartment complexes, whose owners often have access to flood insurance only through the NFIP. In addition to reauthorization, the two groups asked legislators to consider reforming the program in order to modernize FEMA flood maps and include insurance coverage for businesses whose operations are interrupted by disastrous floods.

To read the statement in full, please visit NHMC.org.

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