YOU DID IT! Late last week Congress finally acted on one of your key legislative priorities, a five-year reauthorization of the National Flood Insurance Program (NFIP). Even better news, we just received word that the president is expected to sign it into law tomorrow, Friday, July 6, 2012.
All the D.C. pundits said nothing would be accomplished in an election year! You just proved them wrong because you didn’t give up, and now you have the victory to confirm it!
The reason I’m writing this today is to reinforce the commitment of your National Association to you and every other member who expects us to persevere on issues of importance to our members and your clients – the consumers, homeowners, and potential home owners of the future.
NAR, with your help and influence, stayed the course to give lenders and home owners more certainty in the mortgage and real estate market place with available flood insurance for existing home owners and those buying and selling.
This has been a long, arduous battle. The National Flood Insurance Program suffered through over 18 short-term extensions and hobbled along for the last four years without a long-term reauthorization forthcoming from D.C.
It was your charge to us not to give up, not to accept anything less than a long-term reauthorization of the Flood Insurance Program. So, we battled to get every inch along those short-term extensions until now when a full five-year reauthorization has been approved.
This fight traveled over several administrations and more than a few presidents of NAR. I’m proud to represent them and the management team in this victory for you.
But, while I’m proud of my predecessors in leadership, and equally as proud of the most effective management team both in Chicago and D.C., I am especially proud of you!
When called upon to respond to our Calls to Action, you did. When asked to invest in your business, you have. And, when asked to step up and participate you resoundingly did that, too.
New battles lay ahead. There will be no easy victories. Now more than ever, it is our responsibility to be steadfast protectors of the American Dream of home ownership. 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, please; continue to show your commitment.
God bless you all. You are what this country is all about! Rally on REALTOR® Party!
You truly are the heart of the deal… many thanks.
More at REALTOR.org: Congress Reauthorizes Flood Insurance for 5 Years