Congresswoman Ileana Ros-Lehtinen, who represents high risk flood prone areas of the Florida Keys and Miami-Dade County, voted for a one month reauthorization of the National Flood Insurance Program (NFIP) while the House and Senate work out their differences on a more long term extension. Ros-Lehtinen has been a strong advocate of this program but she continuously highlights the need for a permanent solution.
One in four Floridians is covered under the NFIP, collectively paying $900 million in premiums per year. While Ros-Lehtinen acknowledges the urgent need to reauthorize the program, she also strongly believes that House and Senate conferees need to redouble their efforts to reach a permanent fix. In 2010, the NFIP was allowed to lapse 3 times, causing much instability in the weak housing market because home buyers wishing to purchase a property located on a flood plain were unable to close on their homes.
Said Ros-Lehtinen, "The NFIP is of vital importance to homeowners, especially those living in flood prone areas of my Congressional District. It also directly impacts the economy because without this reauthorization homeowners cannot close on their homes causing further distress to families and the battered housing market.
We need to find a permanent solution for the National Flood Insurance Program. This is why I call on my colleagues to redouble their efforts to assure this goal."