The shutdown could cut off a measure that included an extension to the National Flood Insurance Program, according to an analysis.
A car rives though the flooded street after Hurricane Milton, in Punta Gorda, Fla., on Oct. 10, 2024. Chandan Khanna/AFP via Getty Images
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Potential homeowners seeking to buy in high flood-risk areas of the country could be forced to proceed to their closings without flood insurance.
An analysis from the National Association of Realtors (NAR) indicates that Congress’s failure to meet the Sept. 30 deadline to pass the national budget could adversely affect a measure that included an extension to the National Flood Insurance Program (NFIP).
Mary Prenon
Freelance Reporter
Mary T. Prenon covers real estate and business. She has been a writer and reporter for over 25 years with various print and broadcast media in New York.
