National Flood Insurance Program
Federal laws require that apartment owners with federally regulated and insured mortgages on properties in high-risk flood areas purchase flood insurance. However, the private insurance market offers few policy options, often only issuing flood protection policies to high-value properties. To help fill this void, the federal government created the National Flood Insurance Program (NFIP). Read our Issue Fact Sheet.
NFIP Fact Sheet
More information on national flood insurance program, in addition to the NMHC/NAA viewpoint.
Read MoreFlood Insurance Policy Updates
On June 10, NMHC led a broad coalition of 24 organizations representing America’s housing providers, lenders and residents in sending members of Congress and the Biden administration a letter outlining a number of bipartisan policies to address the causes of rising insurance premiums across the nation’s housing market.
FEMA Resource
This publication provides guidance on flood risk evaluation andmitigation of large multi-family buildings, particularly in urban areas.
